Why U.S. Gov’t is Not (Yet) Addressing Oil Price Crash Issue

Why is the Trump Administration not taking decisive action to address the crash in the oil price brought on by the Saudis and Russians? Agreeing to "talk about it" with the Russians, as we outline in another post today, is not action. Neither is buying up some extra barrels of oil for the strategic petroleum reserve. We think David Blackmon, a longtime oil industry worker and observer hits the nail on the head in a new column just published by Forbes. The reason the government isn't addressing the oil price crash issue right now is...

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