Trump Plans To Bailout Shale Oil Industry

In 1905 there were 77,000 cars in the US, 22,000,000 horses.  Do you think that the future was in horses?  If you don't think e-vehicles are the future, talk to VW  and GM who have both announced that they are moving toward zero emissions.  

Why not? You fervently believe in free shit. For big corporations and billionaires, that is.

I do believe in a free market system. What i dont believe in is the delay it would take for these companies to ramp back up if our oil supply was suddenly disrupted. You think this virus is bad? Try taking away everyones car for 6 months. I also find it intersting that your enviromental concerns would go away if the supply was disrupted

According to studies, the average car lasts 12 years. Unless you outlaw gas powered cars today we will still need oil until 2032. And thats if our entire infrastructure was reconfigured to accommodate electric cars. The problem in your example above is the way people used horses and cars in 1905 compared to today. Nobody traveled across the country or shipped goods that distance in 3 days by horse. If they did travel by horse the fuel grew on the ground. These days gas stations are everywhere and after a ten min refuel a car can travel over 300 miles. Battery powered vehicles have a limited range and require long recharge times. Those issues will have to be resolved by 2032. Also the components to make batteries is very bad for the environment and we'll need millions of them. And last but not least is we will really need to ramp up the solar panel and wind energy sectors because only 18% of Americas energy is provided by renewables today, plus theres no way to store it. I think we need oil a little bit longer

Proof please.  A cut and paste would be fine.

I don't believe that these operations would shut down.  The healthy companies would simply buy the weak at what soon will be sub-market pricing.  I'm fine with that.  The wildcatters takes big risk.  Sometime its disaster, since they are highly leveraged, and other times they earn a ton.  For example, my friend Pete went to work for a wildcat oil startup in about 1996, doing offshore exploration, drilling and production.  They had 83 employees when the company sold for slightly over $1 billion............only 9 nine years after it's inception.  These types of companies need to live with the risk and not just the upside.  My buddy got a slug of stock options when he signed on, and he cashed out for $1.2 million.  The founder cleared about $60 million.

I'm in Detroit on business, meeting with many suppliers to the auto OEM suppliers.  The big push is to make cars last three more years.  I sell to those making adhesives, interior coatings (and everything has a coating in the cabin, aka paint), sound damping materials, and bumper coatings.  They're all doing R&D for making cars last 15 years, and I spend most of my time with these chemists.  It's a fun time for getting new business.

Boiler said, I don't believe that these operations would shut down.  The healthy companies would simply buy the weak at what soon will be sub-market pricing.  I'm fine with that.  The wildcatters takes big risk.  Sometime its disaster, since they are highly leveraged, and other times they earn a ton.  For example, my friend Pete went to work for a wildcat oil startup in about 1996, doing offshore exploration, drilling and production.  They had 83 employees when the company sold for slightly over $1 billion............only 9 nine years after it's inception.  These types of companies need to live with the risk and not just the upside.  My buddy got a slug of stock options when he signed on, and he cashed out for $1.2 million.  The founder cleared about $60 million.

Trump's solution: Give people that willingly went into a risky venture loan guarantees that taxpayers will be on the hook for when their risky investments fail. 

 The long turn choice will be electric cars. It'll happen slowly

It won't happen