WASHINGTON - The U.S. government is considering taking equity stakes in U.S. energy companies as it seeks to help the nation’s oil and gas sector amid the coronavirus outbreak, Treasury Secretary Steven Mnuchin said on Friday.
President Donald Trump, speaking at a White House event with Mnuchin, said he wants to help industry and suggested the federal government could buy fuel for the country in advance as well as purchase airline tickets in advance.“You can assume that’s one of the alternatives, but there’s many of them,” Mnuchin said, referring to possible equity stakes.
Lo oil prices are good for the airlines and trucking and our economy the extractive industries can invest in renewable like energy storage. They have ENOUGH. Don't give your friends anymore
Are we beginning to see the turning back of the hands of time with communism revisited despite the fact that capitalism had since proudly declared retumbante victory over it? Is this the new order everyone is anticipating post coronavirus? Time shall tell.
what the hell
America always seems to find money to bailout corporations but then looks at free healthcare as a dirty thing to do.
That is the stupidist, most corrupt thing to do with our tax money. Wouldn’t it make more sense to throw away money on renewables at least?
🤣
Well that’s a Russia move!
Saving oil
Nationalise them.
That's called communism
drill baby drill
We are not Russia
Burn it down. realDonaldTrump and lackey horse mouthed Mnuchin are playing this like they are Fabian Society members. MAGA goons: Do you really want to become Venezuela? I hear you making fun of them all the time, but guess what they did with their oil industry?
So...they would seize the means of production?
They’ve lost their minds! That is, IF they had one to begin with.
BailOutPeopleNotCorporations WheresMyCheck CleanEnergy cleanenergyfuture
HINT: Trump is obsessed with taking oil.
CongressPassUBI
Baaaahhhaaa!!! So much for Hilary and government overreach. WTF!!! I'm sure the GOP will just suck this up too and excuse it. So it is the GOP that will take us head-on into socialism. Go figure.
Would that be socialism?
That’s a more pure form of classic socialism than even ol’ Bernie was proposing. Also, the worst time to take an ownership stake in oil- when they’re engaged in a price war AND an economic downturn. Let’s not have taxpayers pay for big oil’s losses. (Btw, I am a capitalist).
Why not take an equity stake in the poor and uninsured?
Our Tax Dollars should not be Buying Equity Stakes in anything while underfunding the postal Service & Costing Thousands of Jobs so the republican Donor's Profits can be increased!
The US is nationalising segments of the oil industry? This is really funny. Wait until I tell all the countries you invaded for doing the same. They will find it even funnier lol
US goes socialism eventually.
It's good to stay in oil. If we are able to get people back to work rebuilding roads and bridges, oil will be a reasonably priced asset to fuel machinery, manufacture asphalt, and repair our nations highways. The lawn care industry will get some relief. It's a good investment.
Produce oil for 30 bucks a barrel or go bankrupt. Hard reality
State owned Oil Companies? Is Trump Saddam Hussein? Wtf? GOP
no equity stakes! nationalize them to be run as a public utility, seize the assets of the executive officers & turn their families into the street.
ooo yaa some socialism.
No, thank you. If some companies go out of business, the oil will remain in the ground. Eventually, the price will go up and new companies will be formed to get the oil. Capitalism, right? When will Republicans admit they like socialism when it's for their guys?stevenmnuchin1
Capitalism with benefits
Can we take equity stakes in health companies next? Asking for about 2/3rds or the nation who can’t afford healthcare.
He helped bankrupt Sears.
well well well.... seems the answer to all of capitalism’s failures is... checks notes... socialism?
Hooray for Communism. Really thought that it would come with Democrats though.
Blahnik! That is socialism! Ugh!! Must be better way.
Trump: Let the public take stake of companies that need assistance. Libs: Show me where socialism has ever worked.
Socialism MAGA and realDonaldTrump stevenmnuchin1 . Hey JoeBiden more ad material for you.
Nope! Socialism!!!!!
Homes should weigh suing syrup and jelly corporations for his permanent lip issue.
So. Considering gigantic government
F no!
So...socialism?
Americans, pick up your guns and go to the White House to get a mask!
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