04-09-2020, 07:24 PM
(04-09-2020, 06:52 PM)Otter Wrote: OXY wants a bailout now:
https://www.bnnbloomberg.ca/occidental-s...-1.1419703
I'd give that one poor odds of making it through Congress. An appropriation to buy crude for the Strategic Petroleum Reserve couldn't make its way into the last bailout bill.
They want a bailout, but ask to let the market run it's course on production. Like they can make some rules after their acquisition with idiotic financing. They want some capitalistic socialism? They are in some really deep trouble and they caused most of it.