Government support of oil industry remains funded

 In Daily Hot Topics - Crude, Daily Hot Topics - Natural Gas

~25% of the US government is in shutdown mode, but what is interesting is which parts.

The oil industry support functions remain funded including;

  • Interior Department Bureau of Land Management (BLM) is still issuing permits for oil companies to drill wells on federal land and in the Gulf of Mexico
  • Energy Information Administration (EIA)

For comparison, other functions remain unfunded including;

  • Bureau of Ocean Energy Management (BOEM) postponed offshore wind power generation public meetings
  • Federal Aviation Administration (FAA)

Trump administration is prioritizing oil over other commodities.

– Mike Reed

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Bloomberg Source Article: Trump Is Giving Oil Industry a Bye in Shutdown, Critics Allege

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