> For all I hate about him and his admin, the trump admin didn't call it a "bailout" once that I can find (even with the help of AI).
Trump called it help for the struggling oil industry:
> "We're going to fill it right to the top," Trump said Friday in a wide-ranging news conference at the White House. He said it will save taxpayers "billions and billions of dollars" while helping an industry that's been reeling.
[…]
> There have been reports[1] the Trump administration may be willing to help the oil industry in other ways. For example, the White House could reduce federal royalties for oil pumped on government land or offshore. The administration could also offer low-interest government-backed loans.
Trump called it help for the struggling oil industry:
> "We're going to fill it right to the top," Trump said Friday in a wide-ranging news conference at the White House. He said it will save taxpayers "billions and billions of dollars" while helping an industry that's been reeling.
[…]
> There have been reports[1] the Trump administration may be willing to help the oil industry in other ways. For example, the White House could reduce federal royalties for oil pumped on government land or offshore. The administration could also offer low-interest government-backed loans.
* https://www.npr.org/2020/03/14/815039722/trump-steps-in-to-h...
As a reminder, in April 2020 oil (futures) prices went negative:
* https://www.investopedia.com/articles/investing/100615/will-...