OPEC held dinner for U.S. oil companies at CERAWEEK Houston 2019. According to attendees OPEC THREATENED U.S. companies if didn't cooperate. Well ?

[BLA + 1,666]

Saudi "Scorched Earth" strategy violates WTO law and U.S. antitrust law.

Can't threaten Producers. 

Oil Producers call your Congressional contacts.  Tell the Justice department to get a list of attendees at the dinner.

Justice Dept question those in attendance .  Ask them directly if THREATENED.  

The case would be a layup.

Harold Hamm let's get going.  Get your U.S. Oil Producer Association on this.  

Chevron, Pioneer, others were there. Diamondback was quoted as saying it was clearly an undeniable THREAT.

American Petroleum Institute (API) have contacted the President.  They say they don't want a "bailout".  They just want to "balance" the market.

Using OPEC language.  What are they up to ?

Edited March 16, 2020 by BLA

[cbrasher1 + 272]

source?

[J.mo + 165]

Interesting. Because when this event occured werent there squealers screaming collusion of US producers with OPEC? 

The people on this forum really need to make their minds up. 

Edited March 16, 2020 by J.mo

[0R0 + 6,251]

What the Saudis were trying to do was create OPEC+ With shale. 

Obviously not respecting American law on the matter. 

The opinions differ as to whether they succeeded in expanding their cartel or not. 

I am certain that Saudi were told they are barking up the wrong tree. This is not the day of the Seven Sisters.