Trump’s Thwarted Oil Buy Would’ve Given Biden $6 Billion Bonanza

A bipartisan compromise unveiled Thursday calls for selling oil from the U.S. emergency stockpile to fund billions of dollars in roadwork and other infrastructure.

But Democrats missed their shot at a bonanza -- and a $6 billion down payment on the infrastructure package -- by killing a plan last year to buy crude for the reserve at rock-bottom prices.

The foregone purchase of as much as $3 billion worth of oil, which was urged by Republicans and the Trump administration as a way to help the industry reeling from a crude glut at the start of the pandemic, was blocked ...