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Trump is bailing out US Oil and Gas Industry

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Trump directs Mnuchin, Energy secretary to create plan to support oil, gas industries as selloff deepens

From cnbc.com

President Donald Trump on Tuesday ordered key figures in his administration to put together a plan to get funding to the struggling U.S. oil and gas industries as a historic selloff in crude continued. “I have instructed the Secretary of Energy and Secretary of the Treasury to formulate a plan which will make funds available so that these very important companies and jobs will be secured long into the future!” Trump tweeted Tuesday morning, as West Texas Intermediate crude futures for May delivery again traded in negative territory. The president’s tweet did not specify how much money would be made available, or ... (full story)

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