Skip to content

Pentagon a Big Beneficiary of Oil Plunge

“The plummet in oil prices – a more than 40% drop since last summer – is making it easier for everyone to fill up their tank this winter. But no one stands to benefit more, at least in the short term, than the Pentagon,” the Wall Street Journal reports.  

“The Department of Defense is the largest consumer of petroleum in the United States, and it buys oil and fuel in a way that lets it take advantage of falling fuel prices. In other words, it isn’t locked into long-term price contracts. That means the Pentagon stands to save a substantial amount of money given the big oil correction. And at a time of budget caps and spending cuts, every billion dollars counts.”  

“Just how much is the Pentagon saving? It’s difficult to say.”

Recent Stories

So far, Trump’s midterm campaign schedule slightly behind 2018 pace

Progressive staff group urges sexual misconduct overhaul

Former House GOP tax writer Bill Archer dies at 98

Democrats call on Platner to step down as he denies sexual assault allegation

Congress faces its own summer heat dome

As McMorrow exits Senate race, the fight for her supporters begins in Michigan