Over the last month,the Coronavirus has continued to wreak havoc on the world's economies and increased the oil demand destruction.Back in early April,two potential oil market remedies were being floated as help for U.S.producers-a federal imported oil tariff,and prorationing(mandated production cut)by the Railroad Commission of Texas(RRC).For a few days,President Donald Trump said that he was keeping a tariff in reserve as a potential tool.But that idea seemed to go away.In its place,we heard in late April that the Federal Reserve would revise a loan program,which helps companies weather the pandemic,so that more oil and gas firms could access it.
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