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Honored Social Butterfly

Trump Vows to Bail Out Oil Stocks

https://www.ccn.com/trump-vows-to-bail-out-oil-stocks-but-hes-only-helping-wall-street/ 

 

Trump Vows to Bail Out Oil Stocks – But He’s Only Helping Wall Street

 

Trump pledged to help the U.S. oil industry. But a bailout will only benefit supermajor stocks - and the Wall Street fat-cats that own them.

 

 

  • Donald Trump has made it clear that the federal government will provide welfare for the struggling oil industry.

 

  • While this may help “supermajors” Chevron and Exxon Mobil, the future for smaller producers is very unclear.

 

  • Without a sustained rally in the price of oil, government support cannot prevent a wave of layoffs already underway.

 

Amid a historic rout in crude oil prices, President Donald Trump has vowed to protect the U.S. energy industry.

 

 

Unfortunately for **bleep**

Trump Pledges Government Support For Oil Sector" border="0" alt="" aria-hidden="true" />u.s. crude oil price chart A meltdown in oil prices spurred the White House to vow to protect the U.S. energy industry. | Source: Yahoo Finance

The U.S. oil industry, which has powered a large portion of the economy’s recovery since 2008, is suddenly in dire straits.

 

 

Following waves of layoffs, the White House finds another sector in crisis. Many energy companies will inevitably need substantial government welfare to stave off bankruptcy.

 

 

That’s why Trump vowed to “make funds available” to help this struggling sector stay afloat.

 

 

Comment :

 

Big oil needs welfare and poor people can't get food stamps.

 

Yeah ............ that sounds like Republicans.

 
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