"One of the components we're looking at is providing a lending facility for the industry. We're looking at a lot of different options, and we have not made any conclusions," Mnuchin told Bloomberg News in an interviewU.S. crude oil futures collapsed to trade in negative territory for the first time in history on Monday, as desperate traders paid to get rid of barrels amid a dearth of storage space.
Last week, Energy Secretary Dan Brouillette told Reuters he was working with Mnuchin to roughly double the size-limit on loans available to mid-tier U.S. energy companies under the recently passed CARES Act stimulus package to $200 million-$250 million.President Donald Trump said on Tuesday he asked his cabinet to devise a plan to inject cash into the ailing U.S. oil-drilling industry.
What in the sweet, everloving hell? F'n GOP and their CorporateSocialism.
Whatever happened to the free market?
Is this free market?
Really Mitch. Whose gonna get all the money? CEO; people at the top. Certainly not the blue-color workers. I spent 35 years there.
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Why ? Oil is so yesterday. Its dirty and polluting and ruins land. Find another source of energy. Savetheplanet EarthDay2020 windfarms coronavirus
Why.
Money to the rich . Who is overseeing all this money being given away . We the people need to see a report from the oversee
NO WAY. These oil companies made Billions of dollars and instead of putting some cash back these Corrupt CEO and Board members LINED their Pockets. Stay True and Vote Blue
Latest in the “you just can’t make this sh*t up” collection!
Hell no!
Of course. Bailout the Big Boys, Joe M have you arranged the oil stock purchased yet? Better get her done..
NOOOOO!
BIG EFFING NO !!!!!!!!
I’m a republican on the verge of walking away. Mnuchin should be thrown in jail. He’s throwing money around like a pimp at a strip club, except it’s OUR money. This is Enron-level shit.
Abbbbbbsolutttteeeellllly not. Steve is in big business pockets....
Of course.. because they’re so deserving.
.stevenmnuchin1 WTF? So much for free markets. Let ‘em hit the BK button like your boss has done multiple times.
Wtf?
ah, why? Does he have any investment in this problem?
Assets held offshore and still getting subsidies
Such crap. There’s no struggling oil companies. How about the struggling working class. How ‘bout the frontline workers, the stickers, delivery drivers, gig workers.... fuck the oil companies.
$1,200 per company should do it.
Hard pass!
How is that catering to the small businesses they claim to give a damn about?
Because all their tax subsidies aren't enough?
Wow just wow.
No more made in USA... now it is bought by USA
senatemajldr GOPLeader SenateGOP_ Shouldn't they have a rainy day fund for times like these? Perhaps they should consider bankruptcy VoteBlueToSaveAmerica StateOfEmergency
Consider that a no from me Munchin.
Cunt!
NO. Just NO
Struggling oil companies?!
Oh please.
No
hahahahahahahahha It Never Ends......the robbery will continue!!
Mnuchin is a crook, and one day will join Roger Stone in jail!!!!
Dudes got some weird lips
So hard up, those most valuable companies in the world, having been subsidized for decades too, poor little guys
Oh hell no
I'm confused by 'Drill baby Drill' oil is a gamble. not very 'Conservative'
Oh yeah. That guy again.
Nope
Administration has been planning oil company bailouts from the beginning.
Struggling oil GTFO 😂😂😂😂🤷🏽♂️
realDonaldTrump so we bail out oil companies but not States that are buying PPE, funding testing, treating the sick, funding unemployment, paying millions of state workers, massive retiree payments. seriously?
Omg, the poor poor oil companies. They must be slipping to under a trillion in profits this quarter, please give them money!!!
How much tax have they paid?
Struggling rich corporations is an oxymoron.
Would hope so... for obvious reasons, the U.S. needs to protect our oil companies... especially the heavy's; i.e. XOM, CVX, etc.
what are these clean energy programs and why don't i hear of them? -minichin
Those poor babies!
Wh-wh-what!! Oil company handouts? What type of evil is this now.
Because, of course
If oil companies gets one penny I quit!
If government bail out of wealthy powerful destructive oil companies isn't socialism, what is?
Struggling oil companies? FFS...
Maybe the oil companies shouldn’t have bought so much avocado toast, and saved their money
NO. SenateDems Oil companies DO NOT get taxpayer money.
There are no struggling oil companies.
yeeesssss. because big oil doesn't have enough money now.
Maybe they shouldn't have bought that new iphone 11
That'll be strange!!
'struggling oil companies' oof...
F that.....
Fuuck that!
No.
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