President Trump backs aid for oil and gas companies

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President Trump backs aid for oil and gas companies
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President Trump in a tweet said he's instructed his Treasury secretary to craft a plan to make financial relief available to U.S. oil and gas developers 'so...

President Trump in a tweet said he's instructed his Treasury secretary to craft a plan to make financial relief available to U.S. oil and gas developers"so that these very important companies and jobs will secure long into the future.

" Oil prices have plummeted after a global price war and a steep decline in gas usage with so many nations around world shutting down large parts of their economy to slow the coronavirus. Many U.S. energy companies have laid off workers, especially independents involved in fracking. The U.S. is now the world's largest producer of oil and gas.

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