President Donald Trump will offer financial support for US oil and gas industry

US President Donald Trump has enlisted senior Cabinet secretaries to formulate a plan to make available crucial funds for the country's oil and gas industry as the US oil price drops below zero.

Due to the far reaching grave economic impact of the coronavirus pandemic, the oil and gas industry have been forced to drop close to 51,000 drilling and refining jobs in march alone.

The President has instructed Secretary of Energy Dan Brouillette and Secretary of the Treasury Steven Mnuchin to design the plan aimed at alleviating the financial pressure on the industry.

"We will never let the great U.S Oil and Gas Industry down," President Trump wrote.

Image: AP

[rickmorty]

yea let's give them more money they definitely need it the most

[MA-rihe]

Australia should be doing the same building more storage so we can purchase 20 years worth of fuel for a bargain.

[TrinaPorter]

"Social-distancing" has become this miracle remedy that is proving to be ineffective. The elderly and immunocompromised are most at risk, yet STATES are shutting down over this. Protecting those at risk does NOT mean hindering the capabilities and resources of others. Has the government even ATTEMPTED to model the societal costs of this lockdown?
The mindset of people used to be honorable. Going out into "dangerous zones" used to be heroic. But the Sillies realized, wow, way too many Americans are brave, better think of something else. So instead of the "I'm going to risk my life to feed my family" they started this whole, "if you go out, you're MURDERING the lives of others."
it seems to be working. Trump 2020!

[qu]

NO BAILOUTS. IM SICK OF THE RICH GETTING HELP WHILE WE ALL STARVE ON "LOCKDOWN"

[StarOasis]

I support our great president but so many of us entrepreneurs that pay taxes are not getting enough money to live right now through this pandemic and we're out of work and need help at the lower level. Too many corporations getting all the money.

[patrickfitzgerald]

All Hail Chairman Donnie! Socialize the Losses! Privatize the Profits! Long Live the Radiant American Corporate Socialist Republic!

[qu]

Wheres my god damned 1200 dollars. Its been 2 months

[bg]

American oil provides so much for the US economy people don’t even know how this will affect the economy till its to late

[primategaberocco]

Why? Fuck em, they've pissed up profits, now all Oliver Twist? Fuck em.

[electrosec]

Cheap petrol but I can't go for a drive.