President Trump in a tweet said he's instructed his Treasury secretary to craft a plan to make financial relief available to U.S. oil and gas developers"so that these very important companies and jobs will secure long into the future.
" Oil prices have plummeted after a global price war and a steep decline in gas usage with so many nations around world shutting down large parts of their economy to slow the coronavirus. Many U.S. energy companies have laid off workers, especially independents involved in fracking. The U.S. is now the world's largest producer of oil and gas.
Source: News Formal (newsformal.com)
The big oil companies are likely to survive, the little guys in the oil patch historically have been high risk trending to bankruptcy. Simple enough.
First, the market tested the circuit breaker and is it testing Federal bank printer ? realDonaldTrump federalreserve USTreasury
I voted for Trump and got Bernie instead.
NOOOOOOOOOOOOOO!!!!!!!!!
Subsidies are not bullish.
...umm...really?
Oh this is some bullshit. We should invest in Tesla . Lol Hey so why not bail out every Shitcoin cryptocurrency investor too? Why not Bailout bitconnect ? Seriously trump is about to become so unpopular. Oil Industry is killing us all and supports a TINY minority. Fuck them
PRESIDENT TRUMP*
I never understood why we give tax breaks, and now tax $$ to oil companies. Oil is a resource that actually belongs to all Americans. They take it & make billions of $$ in profits. They do everything they can to minimize taxes. And now WE are going to give them more money?
an insane sociopath who has had 10 bankruptcies wants the country to go bankrupt
No
The GOP knows no limits to their socialism for their chosen corporations.
fuch that. he'll back anything for the red states. it won't happen. thank god for democrats
omgz! Trump wants to bailout his oil buddies? What's next, coal miners?......... cough *Hallador*
Super. If anybody needs it, it's the trillion dollar oil industry...
NO.
does he do anything good? he caused the stupid oil crash last year. i guarantee this will backfire on him, again.
Socialism now, socialism FOREVER
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