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Data: Brunswick Group survey, margin of error ±3 percentage points; Chart: Axios Visuals

A new Brunswick Group survey finds a largely supportive public view of the oil-and-gas sector but also backing for attaching strings — including environmental restrictions — to potential federal aid.

What they found: As the chart above shows, most adults surveyed believe the industry has a mostly or somewhat positive effect on the U.S. economy.

  • Support among Republicans is higher, but the survey conducted in late March showed a majority of Democrats in the "mostly" or "somewhat" positive camp too.
  • Over half the public (53%) supports providing some form of financial assistance, including nearly two-thirds of Republicans and slightly less half of Democrats.

But, but, but: 63% of respondents agree that financial assistance should be tethered to commitments to reduce pollution and invest more in "cleaner forms of energy."

The big picture: The polling comes as the industry, especially independent companies, face intense financial headwinds thanks to the collapse in demand and prices.

  • It largely stems from COVID-19, while the Saudi-Russia price war has compounded the challenges.

Threat level: Whiting Petroleum's Chapter 11 filing this week is just the first of a large wave of bankruptcies in the debt-laden U.S. sector if low prices persist, the consultancy Rystad Energy said Friday.

  • Rystad estimates that 70 producers will have trouble meeting interest payments with WTI prices at $30-per-barrel, and at $20-per-barrel, Chapter 11 filings could reach 140 this year. WTI is currently at roughly $27.43.
Data: Brunswick Group survey, margin of error ±3 percentage points; Chart: Axios Visuals

The same Brunswick Group survey shows varying levels of support for potential forms of aid for the distressed industry.

What they found: Few back the idea of easing environmental regulations. There's more support for federal crude purchases.

  • But the recent Capitol Hill economic stabilization bill omitted $3 billion the White House is seeking to buy 77 million barrels for the Strategic Petroleum Reserve.

What we're watching: Today's White House meeting with oil producers and what potential steps the administration could take. 

  • Reuters writes that the "administration may offer ways to help the industry weather the crisis, including waiving royalty payments drillers must pay for oil produced on federal lands, or imposing an import tariff on foreign crude oil."
  • But, as Axios and others have reported, the industry is not unified on policy goals.

Go deeper: Fueled by coronavirus, global oil demand set to drop record amount

Go deeper

Dion Rabouin, author of Markets
1 hour ago - Economy & Business

How the tech stock selloff is hurting average Americans

Expand chart
Data: FactSet; Chart: Axios Visuals

Investors holding the ultra-popular Nasdaq 100 and S&P 500 index funds have been hard hit over the last two weeks as tech shares have been roiled by rising U.S. Treasury yields.

Why it matters: Even though the economy is growing and many U.S. stocks are performing well, most investors are seeing their wealth decline because major indexes no longer reflect the overall economy or even a broad swath of public companies — they reflect the performance of a few of the country's biggest companies.

2 hours ago - World

UN rights chief: At least 54 killed, 1,700 detained since Myanmar coup

A Feb. 7 protest in Yangon, Myanmar. Photo: Getty Images/Getty Images

Police and military officers in Myanmar have killed at least 54 people during anti-coup protests, while "arbitrarily" detaining over 1,700 people, United Nations Human Rights Commissioner Michelle Bachelet said Thursday.

Why it matters: Protesters have demonstrating across Myanmar for nearly a month, demanding the restoration of democracy after the country's military leaders overthrew its democratically elected government on Feb. 1.

3 hours ago - Health

The danger of a fourth wave

Expand chart
Data: The COVID Tracking Project, state health departments; Note: Anomalous Arkansas case data from Feb. 28 was not included in the calculated change; Map: Andrew Witherspoon/Axios

The U.S. may be on the verge of another surge in coronavirus cases, despite weeks of good news.

The big picture: Nationwide, progress against the virus has stalled. And some states are ditching their most important public safety measures even as their outbreaks are getting worse.