The White House is considering a rescue package for the US shale industry, although the idea is getting pushback from so many sides that it faces challenging odds of passing into law.
According to the Washington Post, the White House warmed to the idea of aid for shale drillers after taking calls from oil executives “who have voiced concern and at times exasperation,” following the sudden crash in oil prices. Of note, Continental Resources’ Harold Hamm reached out to the Trump administration, though Hamm said he had not made “direct” contact. He has been a personal supporter of President Trump.
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