U.S. weighs taking equity stakes in U.S. energy companies, Mnuchin says

  • 📰 Reuters
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S.'s Mnuchin considers lending program for struggling oil companies: Bloomberg NewsTreasury Secretary Steven Mnuchin said he is considering a government lending program for U.S. oil companies looking for federal aid as they cope with a devastating plunge in prices, Bloomberg News reported on Thursday. 'struggling oil companies' oof... F that..... Fuuck that!
Source: Reuters - 🏆 2. / 97 Read more »

Bankruptcy looms over U.S. energy industry, from oil fields to pipelinesU.S. shale producers, refiners and pipeline companies are scrambling for cash and face likely restructuring as they struggle under heavy debt loads and a dual supply/demand shock in the worst crisis the oil industry has faced. Now,OPEC is try to hold their position. 'You just love to see it!' AOC Green New Deal now.
Source: Reuters - 🏆 2. / 97 Read more »

Stock market live Friday: Dow gains 260, posts down week, Boeing falls 6%“We are reopening, and we are not reopening in a perfect way.” elerianm says we’re going to learn a lot during the “rocky restart” over the coming weeks. elerianm Why does CNBC have this guy on all the time? Terrible. elerianm Oh, so we have a Schrödinger's economy elerianm Why is governor hiding data from NYers? The chance of a NY resident dying from Coronavirus is 0.79%... if living outside of NYC the chance is even lower! Start opening NYS
Source: CNBC - 🏆 12. / 72 Read more »

More U.S. companies return payroll loans after new Treasury guidanceU.S. companies on Thursday began refusing government loans they were just awarded, after the Treasury Department said that publicly traded firms would have a hard time proving they really needed the coronavirus relief funds. lol treasury guidance Good! Greedy fuckers shouldn't have taken it to begin with. They're billionaires. This 'inconvenience' means they can't buy Pumpkin her first yacht on her 16th birthday. Poor thing will have to be happy with a Lamborghini. Mean-while, my family fights to pay their 8 employees! I didn't understand this guidance
Source: Reuters - 🏆 2. / 97 Read more »