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Energy Industry Rescue Plan for Oil Surplus

As oil prices in the US and throughout the world have tanked due to imposed stay-at-home regulations, the industry is facing a surplus of oil stored in the US.

The pressure to address the falling oil prices has led to the administration to conduct a rescue plan for the energy industry and consider government loans to help oil companies.  The US may be running out of storage for crude oil, and concerns of an oversupply is growing amongst investors and climate activists. 

In response to the oil crisis, the administration may consider asking Saudi Arabia to divert imports and provide government loans to sustain the crisis,  which not only impacts the energy industry, but the financial and climate sectors as well.
 
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