President Trump Could Deem Domestic Oil Production a Strategic Asset to Preserve in Wake of Price Collapse


When the price of oil in the early 1980’s dropped to such a point that domestic oil exploration and production was crippled, people began discussing the need to put a floor on the price of domestic oil production, which could be included in the corona virus economic response package Trump may be announcing at 5:30 eastern time this evening, in the form of an emergency cash infusion into the domestic oil business to preserve companies and jobs return to higher levels.