Posted on 01/14/2016 12:55:32 PM PST by TigerClaws
The US government could end up having to bail out the oil industry.
In a note to clients on Thursday Greg Valliere, chief global strategist at Horizon Investments, wonders if the oil industry won't get lifeline similar to what Washington gave the banking industry during the financial crisis.
Here's Valliere:
"If Washington can bail out big banks and the auto industry, why not a bailout for oil companies? That's the new buzz, and we suspect this will become a huge issue as the U.S. energy industry faces massive layoffs and potential bankruptcies [...]
We're now at the point where the extremely low price of energy is becoming a clear negative for the economy and Wall Street — so who will begin talking about solutions? Chances of some type of Washington assistance will soon rise to 50% or better."
(Excerpt) Read more at finance.yahoo.com ...
If it moves tax it.
If it keeps moving regulate it.
And if it stops moving subsidize it.
RWR
The potential benefit of blowing OPEC out of the water and bringing Vlad Putin to his knees are hard to exaggerate.
No. No company or industry is too big to fail. The oil industry is not entitled to my tax dollars. If they gambled and lost, they should have been more careful, shouldn’t they?
Put in a HUGE order, through commercial channels, to completely refill and top off the Strategic Petroleum Reserve, in preparation for the coming war with Islam.
Nothing like a good general war on a broad front to burn up resources and assure FULL employment. And to put millions of out-of-work folks back to work in defense industries.
Worked to end the Great Depression in 1941 And 1942, didn’t it?
I wish I was being sarcastic, but I’m not.
It is the business of the future to be dangerous.
I own a company and we deal with gas and oil utilities. They make up 80-90% of our business. I for one would rather suffer than see this industry subsidized. With government money comes more rules and regulations that in the long run will cripple it. We need it to be strong not weak. It will survive if we just let everything work itself out. They government that worked to destroy all this now wants to help it? No they want total control of private business.
Agree.
Met a man this week who runs a company that laid off 100 workers because of oil prices.
The government screws up everything, I agree. But we are about to go back to 100% dependent on Muzzies who hate us for oil. Bad news.
This is utter bs. The federal government is trying to destroy the oil industry in this country. Wasn’t the POTUS SOTU enough of a hint?
But wouldn’t that benefit RED states? Can’t see them doing that.
What about coal, you government morons!!
Common sense regulation and fiscal policies that allow the private sector to grow would be a great ‘government bailout’ of the energy sector!
Obama hates coal more than oil.
How many board of director $$$ gigs do you think Obama has lined up post presidency?
He’s going to make tens of millions from that. Millions from books. His ‘foundation’ Clinton type gigs for decades to come.
With the oil industry it’s always boom and bust. We don’t need to bail them out.
If so that would be only for the short term. If they want to sell oil at production costs fine lets take it. The price will get back in line in time and we will again restart our gas and oil. In the meantime a better infrastructure is still being built so we will be ready when the cycle turns.
How about a 25.00 tariff on imported oil?
WTF!?
Don't be silly the real money is in Charities like Clinton Global Initiative.
Five gallons of gas is near $10.00 today and I was in Home Depot where 5 gallons of water was $13.95.
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