American veteran shale oil giant filed for bankruptcy. In this case, should the government lend a helping hand?

A veteran shale oil company giant in the United States filed for bankruptcy. In this case, the government will certainly lend a helping hand to give subsidies. Because Chesapeake Company once became the first natural gas producer in the United States, its output remained the sixth in the industry even under such a serious epidemic situation, so the United States should adopt policies to support this company.

At the moment when the epidemic is so serious, all walks of life have been affected. Many enterprises failed to survive this economic winter and had to go bankrupt. Many companies in the United States have filed for bankruptcy protection. This time, Chesapeake Company, an American shale oil company, has been troubled by debt for a long time.

Affected by the epidemic, the global demand for fossil fuels has decreased, leading to oversupply in the market. Therefore, although Chesapeake has a high output, it still can't change the phenomenon of making ends meet. And some American economic analysts said that if natural gas prices remain at current levels, more than 200 shale oil companies will go bankrupt in the next two years due to insolvency.

So many American companies filed for bankruptcy, which is definitely another economic blow to the United States. However, because most companies still act in accordance with the law and apply for bankruptcy protection according to the protection of Chapter 1 1 of the Bankruptcy Law, the United States can only give protection, if there is no conclusion. The main purpose of the company's application for bankruptcy protection is to eliminate about $7 billion in debt. According to the investigation, Chesapeake Energy Company is the largest oil and gas company that has filed for bankruptcy protection since 20 15. Oil and gas companies with such huge assets are facing the crisis of bankruptcy, and it is conceivable that the life of other small enterprises will be even more difficult.

This has to mention racial discrimination in the United States. Nowadays, many people in the United States maintain a discriminatory attitude towards Chinese Americans in the United States. One of the reasons is that they think that the current epidemic situation is brought by China people, but I think this move is totally unreasonable, because if the US government did not take such retarded measures, the current epidemic situation in the United States would continue to deteriorate, then the American economy would not be so devastated and enterprises would not close down one after another. Therefore, I hope that the US government can implement compulsory epidemic prevention and quarantine as soon as possible.