Miscellaneous
Trump tweets about oil and WTI moved up 35%Can the United States regulate oil production?- would need to pass a law through Congress to give Energy Department authority to regulate oil production - regulate it through EPA flaring regulations- BLM could regulate- regulate through taxesBut all would mean companies would sueOil Investors Grow Desperate for Supply Cuts Amid Gluthttps://www.wsj.com/articles/oil-investors-grow-desperate-for-supply-cuts-amid-glut-11586088000- Check out the really awesome throw-back Nintendo graphic on this article- US joining OPEC? US would be a less reliable partner than RussiaExplainer: Antitrust law won't get in the way of U.S. acting to raise oil priceshttps://finance.yahoo.com/news/explainer-antitrust-law-wont-way-215552855.html?- anti-trust experts Believe that the US could regulate oil production but is it really?- What if Trump says they should collude but companies are hesitant unless they receive an exemption from anti-trust regulations? And then changes his mind. This happened in 1956 with Eisenhower.Oil set to ‘crater’ Monday as OPEC meeting delayed, tensions flare between Saudi Arabia and Russiahttps://www.cnbc.com/2020/04/04/oil-set-to-crater-monday-as-opec-meeting-delayed-tensions-flare-between-saudi-arabia-and-russia.htmlOPEC, Allies Set to Debate Oil Cuts as Saudis Delay Pricing Movehttps://www.wsj.com/articles/opec-allies-set-to-debate-oil-cuts-as-saudis-delay-pricing-move-11586090711Oil Producers Race for Output Deal With G-20 at Center Stagehttps://www.bloomberg.com/news/articles/2020-04-05/oil-negotiators-race-for-global-pact-with-u-s-role-in-balance?sref=5F8Ao01jCanada in talks with OPEC, as oil rout continueshttps://ca.finance.yahoo.com/news/canada-in-talks-with-opec-as-oil-route-continues-162622627.htmlCheck out Ryan Sitton’s “interesting” graph of oil demand forecasts https://twitter.com/ryansitton/status/1245430213254807552?s=21Trump Should Prepare To Be Scapegoated For A Failed Russia-Saudi Oil Meetinghttps://www.forbes.com/sites/ellenrwald/2020/04/06/trump-should-prepare-to-be-scapegoated-for-a-failed-russia-saudi-oil-meeting/#37e271f3760d