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Started By
Message
U.S. government may take stakes in U.S. energy companies
Posted on 4/26/20 at 9:15 am
Posted on 4/26/20 at 9:15 am
LINK
quote:
The White House is considering taking stakes in U.S. energy companies in return for federal aid, Treasury Secretary Steven Mnuchin said Friday. The Trump administration has already given billions of dollars of federal assistance to airlines in return for an equity stake. Asked after a White House event about the possibility of the U.S. receiving shares of energy companies in return for assistance, Mnuchin replied: “The president has asked me to work with the Secretary of Energy and we’re looking at a whole bunch of alternatives. It would be premature for me to talk about any one of them, but the president has asked me to look at alternatives.”
This post was edited on 4/26/20 at 9:19 am
19
Posted on 4/26/20 at 9:17 am to RedRifle
Bernie just came.
Posted on 4/26/20 at 9:18 am to RedRifle
frick that! -Signed Major oil company employee
Posted on 4/26/20 at 9:19 am to 3nOut
quote:
Bernie just came.
No shite
Posted on 4/26/20 at 9:20 am to RedRifle
Ahhhh...socialism, thy time is nigh.
Posted on 4/26/20 at 9:21 am to RedRifle
If you want an hours worth of entertainment, post this to the Poliboard and get ready to watch the spin.
Posted on 4/26/20 at 9:21 am to RedRifle
itshappening.gif
Posted on 4/26/20 at 9:22 am to DavidTheGnome
I don’t think Trump will come anywhere near that. He’s not a conservative but he’s not a socialist.
This wouldn’t be the first time he floated something out there just to get the wheels turning and people talking about something that would never happen.
Also it’s a good way to get the left talking about doing the opposite of what he proposes.
This wouldn’t be the first time he floated something out there just to get the wheels turning and people talking about something that would never happen.
Also it’s a good way to get the left talking about doing the opposite of what he proposes.
Posted on 4/26/20 at 9:22 am to RedRifle
This is great until a democrat dominated era gets to play with it.
Posted on 4/26/20 at 9:26 am to 3nOut
Except, this just happened with the airlines. So tell me why he wouldn’t do it again?
Posted on 4/26/20 at 9:26 am to waiting4saturday
quote:Welcome to government work.
frick that! -Signed Major oil company employee
Posted on 4/26/20 at 9:29 am to Asharad
Gonna be cool when they force us to start making windmills and shite.
Posted on 4/26/20 at 9:30 am to Antonio Moss
quote:right here
If you want an hours worth of entertainment, post this to the Poliboard and get ready to watch the spin.
Posted on 4/26/20 at 9:30 am to RedRifle
Worked out well for Fannie Mae 
Posted on 4/26/20 at 9:32 am to Antonio Moss
quote:
If you want an hours worth of entertainment, post this to the Poliboard and get ready to watch the spin.
“Good! Figures the GE wouldn’t go forward on a deal without getting something in return. Better than a blank check bailout! 4D CHESS!”
This post was edited on 4/26/20 at 9:36 am
Posted on 4/26/20 at 9:32 am to RedRifle
quote:
Except, this just happened with the airlines
Not really
Posted on 4/26/20 at 9:33 am to waiting4saturday
Cant make windmills without petroleum
Posted on 4/26/20 at 9:37 am to RedRifle
Most of the oil companies in this position were basically zombie companies (only servicing debt) long before this. Let them go by the wayside and we’ll move on. The people and assets will be picked up by others.
Posted on 4/26/20 at 9:45 am to TJG210
LET THEM FAIL!!! Someone not the government will buy the pieces and restart operations if it makes sense.
I have been blasted for claiming Trump is a blue dog democrat at best, but recent events pushes him to the LEFT of the democrats. This is socialism.
I have been blasted for claiming Trump is a blue dog democrat at best, but recent events pushes him to the LEFT of the democrats. This is socialism.
Posted on 4/26/20 at 9:48 am to armsdealer
quote:you shouldn't be. His policies speak for themselves.
I have been blasted for claiming Trump is a blue dog democrat at best
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