Pentagon Pockets $750M In FY-15 Oil Savings; Eyes Potential $1.85 Billion Total

By Tony Bertuca / April 7, 2015 at 5:07 PM
The Pentagon has already saved $750 million in fiscal year 2015 due to the plummeting global price of oil and could see a total of $1.85 billion in savings if conditions remain the same, thereby freeing up the cash to be reprogrammed to other Defense Department priorities. The falling price of refined oil products has driven DOD to decrease the standard price of fuel by $18.48 per barrel, from $155.40 to $136.92 per barrel, according to a statement from Cmdr...

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