Trump Vows Oil Rescue That He’s Been Powerless to Deliver
- Epic collapse in demand, prices has oil industry reeling
- Energy Secretary says government is being ‘very aggressive’
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The Trump administration vowed to stem job losses and rescue the oil industry with stimulus funds and other measures as the U.S. responds to a global glut in crude that’s led to an historic rout in prices.
“We are taking very aggressive but appropriate steps to help the industry,” Energy Secretary Dan Brouillette said during an interview on Bloomberg Television.