Quote:
Originally Posted by Texas_Shooter
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And this is not a time to bail out any oil company.
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I have to disagree with this “to an extent”. We have finally gained oil independence from OPEC and it has been killing them. Just before this virus hit Saudi and Russia were doing everything they could to lower oil prices and kill off some of our oil companies so they could exert control over our prices again.
While I agree that our companies have made good money of late, they need to be protected from bankruptcy. If that means a loan that must be repaid, that’s fine. But we can’t afford to let them die.