top off... hell, the boy is going to SELL the SPR!
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 ...
Just no- financial collapses are like forest fires- ugly, regrettable, but absolutely necessary to the ecosystem. No bailouts.
top off... hell, the boy is going to SELL the SPR!
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