Less than 10 days ago trump tweeted about his great oil deal.Now he's talking about bailing them out

[spanone]

With OPEC, Trump makes his favorite kind of deal: One where he gives nothing
https://fortune.com/2020/04/15/trump-opec-oil-deal-price-war/

Link to tweet

We will never let the great U.S. Oil & Gas Industry down. 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!

[underpants]

1. Where's the money for typewriter repairmen?

I mean, they are affected by this too!

[LastDemocratInSC]

4. Good one.

[orwell]

2. So much for the "free market"...

...socialism for the rich...

...the free market for the poor!

[sop]

3. The "great U.S. Oil & Gas Industry" has been letting us all down for years.

Now would be great time to invest in clean sources of energy, not prop up outmoded extractive energy companies.

[dubyadiprecession]

10. Hear, hear!

[crickets]

21. +1

[empedocles]

5. Great team oil deal plan of putin/bonesaws/trump. NEGATIVE OIL PRICES! HISTORY MAKING

[notdarkyet]

6. No money, bailout, or other kind for Saudi and Russia. You are such a fucking asshole.

[GreenPartyVoter]

7. Shared to FB with this note

No bailouts unless they agree to truly diversify (no greenwashing for the sake of pretty commercials) and do something about a) fixing the the climate change that they’ve known was coming since the 60s, and b) pursue honest-to-god workable alternative energy ideas. Maybe we can sunset those, and if they don’t meet those goals, then they have to pay the money back. With interest.

[SoonerPride]

8. Not a penny to the oil companies.

NOT A CENT

[KY_EnviroGuy]

9. Message to Trump from Mother Nature: "There, I fixed it for you".

KY..............

[underpants]

19. ❤️

[Celerity]

11. trillions more to be looted by the top 0.01% before this motherfucker is done

He has fucked up the nation for decades, and perhaps for good if he and his RW white nationalist legions, bankster scum, along with the rentier-class oligarchic wreckers (plus Putin and the lads) steal 2020.

I fully expect over 10 trillion USD plus to be shoved up to the pyramidion by the time this is all over.

[Hugin]

12. Trumpolini touched it. Ergo...

It went to crap.

[Me.]

13. Would Congress Have A Vote On Such A Move?

[spanone]

15. I would hope so, the House controls the money...?

trump will give it all away to get re-elected

[bullwinkle428]

14. This entire fucking mess got started when his BFFs Putin and MBS decided to flood the

market by opening all the spigots, and creating a "price war".

Russia–Saudi Arabia oil price war of 2020 is an economical war triggered in March 2020 by Saudi Arabia to punish Russia for its refusal to reduce oil production in order to keep prices for oil at moderate level, since its consuption fell dramatically due to 2019–20 coronavirus pandemic. This economical conflict resulted in a sheer drop of oil price over the spring of 2020, with the price becoming negative on April 20 (oil production can not be stopped completely, but even the lowest possible production level generates way bigger supply then demand, thus oil industry has nowhere to store oil and is ready to pay for it being taken away).[1][2]

On 8 March 2020, Saudi Arabia initiated a price war with Russia, facilitating a 65% quarterly fall in the price of oil.[3] Over a few weeks,[citation needed] US oil prices[ambiguous] fell by 34%, crude oil fell by 26%, and Brent oil fell by 24%.[4] The price war was triggered by a breakup in dialogue between the Organization of the Petroleum Exporting Countries (OPEC) and Russia over proposed oil-production cuts in the midst of the 2019–20 coronavirus pandemic.[3] Russia walked out of the agreement, leading to the fall of the OPEC+ alliance. Oil prices had already fallen 30% since the start of the year due to a drop in demand.[5] The price war is one of the major causes and effects of the currently ongoing global stock-market crash.[6]

https://en.wikipedia.org/wiki/2020_Russia%E2%80%93Saudi_Arabia_oil_price_war

[Buckeyeblue]

16. How much would it cost to give every adult who makes less than $500k per year $100k

[rgbecker]

17. Nationalize them! Why are tax payers asked to bail out....

these industries when times are bad, but the shareholders profit when times are good?

Call it what you want, but we need a revolution in our thinking about "Capitalism."

[Bengus81]

18. Just them eh?? How about all the small business that NEVER got that loan?

Trump and Republicans picking winners and losers.

[delisen]

20. Complaints need to go to Congress.

This bailout is a repeat of 2008 but so massive we are unlikely to be able to survive it and climate change and maintain democracy.

Some industries and some large corporations that cannot survive on their own have to shrink and some have to disappear.

Our options are rapidly narrowing.

[struggle4progress]

22. American capitalism! When rich people worry about money, government gives them trillions!

When middle-class people worry about money, government gives them $1200 and tells them to make it last ten weeks. When poor people worry about money, we tell them they're lazy and stupid