“Dis shale, is stale.”
By 
Covid-19 is spreading and so is the smashing and the grabbing.
White House officials are alarmed at the prospect that numerous shale companies, many of them deep in debt, could be driven out of business if the downturn in oil prices turns into a prolonged crisis for the industry.
Fuck a bunch of people, these companies are hurting!
The federal assistance is likely to take the form of low-interest government loans to the shale companies, whose lines of credit to major financial institutions have been choked off, three people said.
Failing companies that struggle to get loans is probably one of the few things DT would know anything about if he were capable of knowing about anything.
Trump said at a news conference Monday that the administration will seek to provide help for parts of the economy hard hit by the coronavirus, including the hospitality, cruise and travel industries.
This greedy shithead is going to sign a multi-billion dollar bailout and every business that isn’t a Trump Dump will have to contribute a few million to get a million dollar loan. And frankly, fuck them.
A senior administration official said Tuesday the shale industry would probably be included for help but may not be at the top of the list for assistance.
Oh no, they might have to wait a few extra days for their sacks of cash. There’s some talk in the article about people trying to talk him out of “loaning” the motherfrackers millions of dollars but either they’ll let him do it or someone will be named plenipotentiary extraordinary to Mars.
One of the companies hardest hit was Continental Resources, founded by Harold Hamm, a Trump supporter and an adviser to the president on energy issues. It lost more than half of its market value Monday, though it recovered about 8 percent by midday Tuesday. Hamm’s 77 percent personal stake in the company lost $2 billion of its value Monday.
Hamm didn’t hear it was hip to buy on the dip.
Not that Continental Resources is any trouble or weak or waiting to be picked off like a limping springbok!
He added that while Continental was in strong financial condition, other companies would be likely to draw on a government lending program. “For some companies in this sector, that could be helpful,” he said.
Soon DT’s biggest contributors will be able to go down to the Bureau of Engraving & Printing with an empty sack and a mean look. But until that happy day they’ll have to wait until bad things happen so they have an excuse. Expect lots of industry leaders to discover they just can’t go on producing that MAGAty goodness if they don’t receive lots of money right now.
