ERHC Energy Inc (ERHE)

[Julius Erving]

Trump’s Ultimate Weapon To End The Oil War

https://oilprice.com/Energy/Crude-Oil/Trumps-Ultimate-Weapon-To-End-The-Oil-War.html

"The weapon is the ‘NOPEC Bill Bomb’. The ‘NOPEC Bill Bomb’ refers specifically to the ‘No Oil Producing and Exporting Cartels Act’ (NOPEC) that was last threatened by the U.S. in October 2018 when the Saudis had enabled the Brent oil price to remain above the key US$70 per barrel level since March. Any sustained Brent price above US$70 per barrel was – and is – regarded by the current Presidential Administration as being in an area where the benefits to U.S. shale producers of higher prices are outweighed by the relative damage done to the U.S. economy."

Also interesting:

"(…)last week urging him to impose an embargo on oil imports from Saudi Arabia, Russia and other OPEC nations. It is not because the U.S. shale producers cannot deal with a much lower sustained oil price environment as they can."

I don't know what he means by that. I thought they can't, because of debt...