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douglas9

(5,816 posts)
Sun Apr 26, 2020, 09:15 AM Apr 2020

Oklahoma Asks Trump to Declare Pandemic an Act of God to Shield Oil Companies

OKLAHOMA CITY (CN) – Oklahoma Gov. Kevin Stitt asked President Donald Trump Saturday to declare the Covid-19 pandemic an “act of God” to shield the oil and gas industry as it grapples with the dual shocks of collapsed demand and surging supply as U.S. oil futures contracts briefly went negative this week.

A fellow Republican, Stitt asked for the federal declaration to “provide aid to our oil and gas industry and to protect the environment” by limiting over-production with nowhere to store the excess.

“We have seen evidence of this demand destruction, gross oversupply, and lack of available storage in the recent market collapse – causing oil futures to close negative for the first time in recorded history,” Stitt’s letter states. “ Many operators desire to voluntarily reduce or cease producing on a temporary basis, without fear of parties taking advantage of an opportunity to cancel leases as a result of the curtailment of productions.

“We are asking your Administration to declare the COVID-19 pandemic a ‘force majeure’ or ‘act of God’ for the narrow purpose of protecting these producers from actions to cancel leases held by production as a resulting of production stoppage.”

https://www.courthousenews.com/oklahoma-asks-trump-to-declare-pandemic-an-act-of-god-to-shield-oil-companies/

6 replies = new reply since forum marked as read
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Oklahoma Asks Trump to Declare Pandemic an Act of God to Shield Oil Companies (Original Post) douglas9 Apr 2020 OP
More like an act of stupidity, or negligence, WVreaper Apr 2020 #1
+1 Alacritous Crier Apr 2020 #2
Can he blame God justgamma Apr 2020 #3
Why is it the people who tell us to 'put everything in God's hands -' heckles65 Apr 2020 #4
and all the prayers in the world RussBLib Apr 2020 #5
Force majeure is standard contract language hack89 Apr 2020 #6

heckles65

(633 posts)
4. Why is it the people who tell us to 'put everything in God's hands -'
Sun Apr 26, 2020, 11:41 AM
Apr 2020

at the same time charge him with doing the most awful things?

RussBLib

(10,756 posts)
5. and all the prayers in the world
Sun Apr 26, 2020, 12:34 PM
Apr 2020

ain't gonna do shit.

We are on our own kids, so we best grow up and act like rational adults.

hack89

(39,181 posts)
6. Force majeure is standard contract language
Mon Apr 27, 2020, 10:43 AM
Apr 2020
Force majeure is a common clause in contracts that essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties, such as a war, strike, riot, crime, epidemic or an event described by the legal term act of God, prevents one or both parties from fulfilling their obligations under the contract. In practice, most force majeure clauses do not excuse a party's non-performance entirely, but only suspend it for the duration of the force majeure.



We are going to hear this phrase a lot as the economy is disrupted.

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