• 4 minutes England Running Out of Water?
  • 7 minutes Trump to Make Allies Pay More to Host US Bases
  • 10 minutes U.S. Shale Output may Start Dropping Next Year
  • 14 minutes Washington Eyes Crackdown On OPEC
  • 50 mins One Last Warning For The U.S. Shale Patch
  • 8 hours Russian Effect: U.S. May Soon Pause Preparations For Delivering F-35s To Turkey
  • 4 hours Chile Tests Floating Solar Farm
  • 15 hours China's Expansion: Italy Leads Europe Into China’s Embrace
  • 15 hours Poll: Will Renewables Save the World?
  • 15 hours New Rebate For EVs in Canada
  • 6 hours Trump Tariffs On China Working
  • 18 hours The Political Debacle: Brexit delayed
  • 8 hours Trump sells out his base to please Wallstreet and Oil industry
  • 6 hours Biomass, Ethanol No Longer Green
  • 1 day Oil-sands recovery by solvents has started on a trial basis; first loads now shipped.
  • 24 hours Boeing Faces Safety Questions After Second 737 Crash In Five Months
  • 13 hours 3 Pipes: EPIC 900K, CACTUS II 670K, GREY OAKS 800K
  • 9 hours Read: OPEC THREATENED TO KILL US SHALE

Global Intelligence Report – 13th March 2019

LNG

Sources

- High-level US official
- Former Aramco executive
- American businessman in Saudi Arabia
- 3 prominent Indian businessmen in UAE

NOPEC Isn’t Going to Happen

A bipartisan measure called the “No Oil Producing and Exporting Cartels Act” was approved by a congressional committee last week. It sounds ominous, but it does not have teeth. It basically removes the sovereign immunity protection of OPEC countries, leaving it open to civil suits alleging antitrust violations. While there is some momentum behind the law, it still has the potential to die before it reaches a full vote in Congress. Basically, the law would allow the US government to sue OPEC nations for improperly controlling prices through oligopolistic practices.

While NOPEC has been a threat tossed around by Trump and meant to lend the appearance of power against the Saudis, our high-level sources say that officials in the Trump administration are leaning toward fighting any attempt to put this law into place.

While Trump has been critical of OPEC, advisers from the State Department and elsewhere in his government are cautioning that allowing such a law to go through could upend Middle East peace talks led by Jared Kushner, as well as relations with Persian Gulf allies like Saudi Arabia. Diplomats on the ground in the Gulf have told us this is a done deal already, and is not going to happen.

Trump hasn't weighed in with a final decision, but…




Oilprice - The No. 1 Source for Oil & Energy News