WSJ reports that 7 US oil& gas Co have filed for bankruptcy in Q1 .and The Donald has instructed Danny Ray Brouillette Secretary For All Things Oil & Energy to get a plan to make US Oil great again which I think means pork barrelling votes in Texas & Louisanna and oil industry generally for. the November elections
. I don't read higher oil prices as part of the immediate plan but money to keep Oil Co's ticking over until the national lock down of industry ceases and demand catches up with supply . The Donald can then claim credit for increased oil prices and saving the industry. just in time for the Elections Therefore no increase price for at least 8 months in my view and even then The Donalds plans are sometimes clusters and he has not yet properly engaged with the Saudis on production levels which is when it all boils down the real issue in the long game as the Saudis try to drive US frackers to the wall
WSJ reports that 7 US oil& gas Co have filed for bankruptcy in...
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