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Trump calls for cash injection for ailing U.S. drilling industry

April 21, 2020

Via: Reuters

U.S. President Donald Trump said on Tuesday he has asked his government to come up with a way to inject cash into the ailing U.S. drilling industry to help it survive a historic collapse in global crude oil prices.

The comment comes as oil and gas companies from Texas to Wyoming struggle to stave off bankruptcy amid worldwide stay-at-home orders and business stoppages spurred by the coronavirus outbreak that have obliterated global demand for fuel.

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