Apr 30, 2020 - Energy & Environment

The White House's brewing oil sector help

Ben Geman, author of Generate

Energy Secretary Dan Brouillette. Photo: Bill Clark/CQ-Roll Call, Inc via Getty Images

Energy Secretary Dan Brouillette said in a Tuesday conference call that Treasury Secretary Steven Mnuchin is considering loans and emergency lending through the Federal Reserve for small- and medium-sized oil producers, Bloomberg reports.

Why it matters: The collapse in oil prices as the coronavirus pandemic crushes demand is creating financial jeopardy for many independent companies and industry layoffs are mounting.

  • But a number of Democrats and environmentalists oppose propping up the sector.

What's next: President Trump told reporters at the White House Wednesday that the plan would be announced "shortly." Bloomberg reports that Brouillette and Mnuchin have already briefed Trump on it.

Threat level: The latest sign of jeopardy for U.S. producers, many of whom were already struggling before the crash, comes via Reuters.

  • "Chesapeake Energy Corp, the oil and gas exploration and production company that was at the forefront of the past decade’s U.S. shale boom, is preparing a potential bankruptcy filing as it grapples with an unprecedented rout in energy prices," Reuters reports.

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Increased armed presence planned for D.C. tonight

Demonstrators stand around a fire during a protest near the White House in response to the killing of George Floyd. Photo: Alex Wong/Getty Images

Government officials say plans are in place for a significantly heavier armed presence on the streets of Washington, D.C. tonight in response to the increasingly violent protests linked to the death of George Floyd.

What we're hearing: "Tonight you will see increased presence, both police...other agencies, and National Guard presence," a source familiar with the government's plans said.

Updated 36 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 4 p.m. ET: 6,226,408 — Total deaths: 373,973 — Total recoveries — 2,672,161Map.
  2. U.S.: Total confirmed cases as of 4 p.m. ET: 1,799,747 — Total deaths: 104,702 — Total recoveries: 444,758 — Total tested: 16,936,891Map.
  3. Public health: Nearly 26,000 coronavirus deaths in nursing homes have been reported to federal health officials —Coronavirus looms over George Floyd protests across the country.
  4. Federal government: Trump lashes out at governors, calls for National Guard to "dominate" streets.
  5. World: Former FDA commissioner says "this is not the time" to cut ties with WHO.
  6. 🎧 Podcast: The virus didn't go away.

New York City to impose curfew amid ongoing protests

Photo: Lev Radin/Pacific Press/LightRocket via Getty Images

New York City will be placed under curfew on Monday from 11pm until 5am Tuesday morning following days of protests over the death of George Floyd, Gov. Andrew Cuomo and Mayor Bill de Blasio announced Monday.

The big picture: Demonstrations in New York, like in cities across the country, turned violent over the weekend as protesters clashed with police late into the night. The number of police officers on the streets of New York will double from 4,000 to 8,000.