Pentagon Crafting FY-17 Budget Guidance For Falling Price Of Oil

By Courtney McBride / September 10, 2015 at 4:57 PM
The Defense Department, which is poised to save nearly $2 billion in fiscal year 2015 because of the plummeting global price of oil, is watching the market closely as the price continues to drop and has crafted FY-17 budget guidance to plan its investments, according to a statement from the Pentagon. The department's planning guidance for FY-17 incorporates a standard price estimate of $141.54 per barrel of refined fuel, based on "the methodology developed in the President's Budget for FY...

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