Texas oil regulators are likely to hold a hearing in April on whether to take the historic step to curb the state’s oil production amid a global market collapse fueled by the coronavirus.
Driving the news: Ryan Sitton, one of three commissioners of the Texas Railroad Commission, which oversees state oil production, told Axios that a hearing will likely be held soon in response to a renewed request earlier Monday from two oil companies to limit production as one way to stem the steep slide in global oil prices.
President Trump said on "Fox & Friends" Monday morning that he's planned to speak with Russian President Vladimir Putin about the Russia-Saudi rupture on oil policy that's helping to push prices lower.
What he's saying: "I’m talking to him about that among other things, because you know, getting along with Russia is a good thing," Trump said in a response to a question about pain in the oil-and-gas industry.
Top American civil rights activists are opposing an abrupt move away from natural gas, putting them at odds with environmentalists and progressive Democrats who want to ban fracking.
Driving the news: In recent interviews, Revs. Al Sharpton and Jesse Jackson and National Urban League President Marc Morial said energy costs are hitting people of color unfairly hard. These concerns, expressed before the coronavirus pandemic, are poised to expand as paychecks shrink across America.
