Anonymous ID: ede464 May 25, 2026, 3:21 p.m. No.24645208   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>5233

>>24645176

 

Trump pledges financial aid to oil industry

 

Oil dropped to record low prices because of the coronavirus pandemic.

President Donald Trump

 

President Donald Trump. | Doug Mills-Pool/Getty Images

By Ben Lefebvre04/21/2020 10:35 AM EDTUpdated: 04/21/2020 05:15 PM EDT

 

President Donald Trump promised to bail out U.S. oil companies that have been hard hit by a recent historic dive in crude oil prices โ€” but some in the industry fear that may spark a backlash against the sector long known as a power player in Washington, D.C.

 

Trump tweeted his support for the industry after crude oil futures prices dove into negative territory on Monday for the first time ever, a signal that the drop in demand from the pandemic-shuttered economies around the globe had outstripped the production cuts from OPEC, Russia and the U.S. companies that have moved to rapidly idle oilfield operations.

 

โ€œWe will never let the great U.S. Oil & Gas Industry down,โ€ Trump said on Twitter. โ€œI have instructed the Secretary of Energy and Secretary of the Treasury to formulate a plan which will make funds available so that these very important companies and jobs will be secured long into the future!โ€

 

Moreโ€ฆ

https://www.politico.com/news/2020/04/21/trump-pledges-financial-aid-to-oil-industry-198112

 

 

Remember when oil tankets sat on the coasts waiting to unload oil. They were paying the U.S. to take the oil because it wouldve cost them to keep it and ship it back to their home ports.

Anonymous ID: ede464 May 25, 2026, 3:38 p.m. No.24645263   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

>>24645230

 

BBC

https://www.bbc.com

Pope Leo says AI must be 'disarmed' in first major โ€ฆ

6 hours ago โ€” Pope Leo has presented the first major teaching document of his papacy, warning that

 

snip snip! Just the tip