Savings

Big Oil is cheap: Should the government take it over?

13 days ago   |   By Fast Company

The bottom is falling out the fossil fuel industry. The best way to ensure a transition away from oil that helps the people currently employed in the sector might be having the government-not the market-manage it.
When the price of oil cratered because of the coronavirus crisis and a price war between Russia and Saudi Arabia, the Trump administration proposed spending $3 billion to fill up the U.S.'s strategic oil reserve and save the oil industry-a line item that didn't make it in the Senate's final stimulus bill, but that the administration plans to continue to pursue. Some...
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