Tuesday, March 24, 2020

Oil execs to Trump: Whose side are you on?

https://www.politico.com/news/2020/03/24/oil-execs-to-trump-whose-side-are-you-on-145927

In POLITICO interviews, half a dozen industry officials who have talked with White House officials in recent days described Trump as slow to comprehend the twin body blows a global pandemic and a price war between Saudi Arabia and Russia would have on an industry he has long supported. Oil prices at $20 a barrel threaten to rain destruction on an industry that has donated $1.8 million to Trump's reelection campaign and employs hundreds of thousands of people in states key to any hope to beat his eventual Democratic rival for the presidency.
Already, Trump’s favorability is quite low in Texas — 45 percent in a University of Texas/Texas Tribune poll from early February, before the coronavirus crisis — compared to other predominantly Republican states, and he similarly lags in next-door New Mexico, a Democratic-leaning state which he hopes to win.

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