David Blackmon, energy advisor and regular Forbes contributor urges the Trump administration to intervene in the oil market before it is too late.
“There is no one-size-fits-all panacea to this problem, but a multi-faceted deal struck by President Trump similar to the one Sitton suggests would likely serve to stabilize crude prices above the $40/barrel level, which could at least buy some time for companies currently teetering on the brink of bankruptcy.”
Read more – Forbes