White House weighing aid for oil producers amid price collapse
Why not consider an import duty on foreign oil? Fuel prices in the US were low enough when Brent was at 50. You would not choke industries or consumers but it would create some new revenue Trump could throw on the Coronavirus crisis and higher prices would help shale producers. Those that can still not make the cut at USD 50 should be allowed to go out of business anyhow. Every market needs a cleaning mechanism. Low-interest loans mean that some of those that should die will be allowed to burn more money.
