Struggling oil companies are taking advantage of US coronavirus aid

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Recent review finds at least $113m in taxpayer-backed loans meant for small businesses have gone to fossil fuel industry

, including giants such as ExxonMobil, Chevron and Koch Industries – which are feeling the huge decrease in oil demand but are not expected to be hit as hard as smaller companies.purchasing oil to restock the Strategic Petroleum Reserve, which other leaders in the party have resisted.

 

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Eventually ALL oil companies will struggle - like coal mines - and it's a GOOD thing. It's inevitable - the sooner the better.

lol aid to oil companies while tens of millions of Americans don't have any health insurance. Priorities?

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 /  🏆 84. in JP

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