Texas Panhandle group calls on Trump to change oil trade practices
The Panhandle Import Reduction Initiative group recently sent a letter to the White House calling on President Donald Trump and his administration to recognize and correct what it says are unfair trade policies impacting the U.S. oil and gas industry.
Spurred by a presidential memo for Secretary of Commerce Wilbur Ross to use the Trade Expansion Act of 1962 to investigate “core industries such as steel, aluminum, vehicles, aircraft, shipbuilding, and semiconductors…critical elements of our manufacturing and defense industrial bases,” the members of PIRI want the oil and gas industry to be recognized as a core industry.
“It’s a core industry in that it reduces poverty and it increases the standard of living for people,” said Tom Cambridge, PIRI facilitator and petroleum geologist at Amarillo’s Cambridge Production Inc. “We think that having a stable oil supply in this country that is not threatened by Saudi Arabia and OPEC is good for national security.”
Written by Lisa Lamb for Amarillo Globe-News