Oklahoma governor calls on Trump to declare virus "act of God" to help oil and gas producers

[Tom Kirkman + 8,860]

WHO Majeure ?

The ongoing lockdowns seem intent on totally destroying industries and countries.

Declaring Force Majeure won't really help.

Ending the lockdowns now is the only real solution.

 

Oklahoma governor calls on Trump to declare virus "act of God" to help oil and gas producers

Oklahoma Governor Kevin Stitt is asking President Trump to declare the coronavirus pandemic an "act of God" in order to secure aid for the oil and gas industry. Crude oil prices dipped as low as -$40 earlier this month. 

Stitt wrote to Mr. Trump in a letter he posted on Twitter over the weekend. 

"Oklahoma, like many other states, is living the hardships caused by the COVID-19 pandemic including the near total disappearance of demand for oil and gas products as well as the imminent lack of available storage," he wrote. "We have seen evidence of this demand destruction, gross oversupply, and lack of available storage in the recent market collapse — causing oil futures to close negative for the first time in recorded history. ... We are asking your administration to declare the COVID-19 pandemic a "Force Majeure" or "Act of God" for the narrow purpose of protecting these producers from actions to cancel leases held by production as a result of production stoppage."  ...

 

... "Act of God" is a legal term that means an event of uncontrollable, natural forces, and it's frequently used in insurance claims. 

U.S. oil production has reached record highs. But as Americans travel less and the demand for oil plummets, oil futures, too, have dropped to historic lows.  ...

 

[Enthalpic + 1,496]

7 minutes ago, Tom Kirkman said:

WHO Majeure ?

The ongoing lockdowns seem intent on totally destroying industries and countries.

Declaring Force Majeure won't really help.

Ending the lockdowns now is the only real solution.

 

Oklahoma governor calls on Trump to declare virus "act of God" to help oil and gas producers

Oklahoma Governor Kevin Stitt is asking President Trump to declare the coronavirus pandemic an "act of God" in order to secure aid for the oil and gas industry. Crude oil prices dipped as low as -$40 earlier this month. 

Stitt wrote to Mr. Trump in a letter he posted on Twitter over the weekend. 

"Oklahoma, like many other states, is living the hardships caused by the COVID-19 pandemic including the near total disappearance of demand for oil and gas products as well as the imminent lack of available storage," he wrote. "We have seen evidence of this demand destruction, gross oversupply, and lack of available storage in the recent market collapse — causing oil futures to close negative for the first time in recorded history. ... We are asking your administration to declare the COVID-19 pandemic a "Force Majeure" or "Act of God" for the narrow purpose of protecting these producers from actions to cancel leases held by production as a result of production stoppage."  ...

 

... "Act of God" is a legal term that means an event of uncontrollable, natural forces, and it's frequently used in insurance claims. 

U.S. oil production has reached record highs. But as Americans travel less and the demand for oil plummets, oil futures, too, have dropped to historic lows.  ...

 

 

"the coronavirus pandemic [is an] "act of God""

Pretty sure he said he wouldn't kill nearly all of us again after the last time (flood).

 

[Tom Kirkman + 8,860]

5 minutes ago, Enthalpic said:

 

"the coronavirus pandemic [is an] "act of God""

Pretty sure he said he wouldn't kill nearly all of us again after the last time (flood).

 

Fine.  How about "Act of CCP"

[Tom Kirkman + 8,860]

9 minutes ago, Enthalpic said:

"the coronavirus pandemic [is an] "act of God""

Pretty sure he said he wouldn't kill nearly all of us again after the last time (flood).

< sigh >

"obedience to the regulations"

Pope Says Obey Rules During Exit From Coronavirus Lockdowns

VATICAN CITY — Pope Francis on Tuesday urged people to obey rules aimed at preventing a devastating second wave of infections as their leaders begin to ease coronavirus lockdowns.

Francis spoke at the start of his daily private morning Mass, where he has been dedicating brief opening comments to various themes related to coronavirus.

From Europe to the United States to Asia, officials have been dealing with tensions and criticism of stay-at-home orders.

"In these days in which we are starting to have regulations to come out of quarantine, let us pray to the Lord that he gives his people, all of us, the grace of prudence and obedience to the regulations so that the pandemic does not return," the leader of the world's 1.3 billion Roman Catholic said.  ...