REX - The Trump Administration May Soon Face A Critical Decision On The Refining Sector
The Trump administration has found itself having to manage a rapidly-worsening health crisis as the COVID-19 pandemic has taken hold in the U.S., especially New York City. Understandably focused on reacting to the immediate spread of the virus, the White House's response to the pandemic's economic damages have largely consisted of broad spending promises. Now that original expectations that the crisis would pass by early Q2 look absurdly optimistic, though, it is becoming increasingly likely that U.S. refiners and other fuel producers will soon find themselves in an operating environment that is without precedent.