03-20-2020, 01:09 PM
VBIN, I just read the TX Railroad Commission which regulates TX oil industry, is reaching out to OPEC for negotiations. Pretty sure CARTELS are illegal in the US. I don't know how you even begin to legally regulate US production when you have small companies facing bankruptcy. I am thinking they would have to play the environmental card and outlaw flaring or something similar. The global recovery would benefit from continued free oil so this is going to be very interesting if meetings do happen. I still have a bit of oil in my "retirement boat account" so I'm on your side.