The PIRI website is here-> http://www.panimportreduction.org ALBUQUERQUE, N.M. — Independent oil producers in New Mexico and West Texas are waging a David and Goliath battle to impose import quotas on oil from the Organization of Petroleum Exporting Countries.
A new Panhandle Import Reduction Initiative, launched last April by prominent producers in the San Juan Basin in the Four Corners and the Permian Basin in southeastern New Mexico and West Texas, has support from about 600 local operators and related industry businesses. The independent companies involved say it’s time for the U.S. to fight back against the OPEC price war that began two years ago and which now threatens to drive many domestic companies out of business.

But they face a steep uphill battle not only to convince federal officials to enact protectionist measures in today’s globalized free-market economy, but also to unite the industry as a whole behind such action, since many trade associations and large corporate producers oppose it.

Dr. Daniel Fine Sept 27 on KSVP RADIO Interviewed on the Panhandle Import Reduction Initiative

New Mexico - Texas and New Mexico oil companies and communities will warn Saudi Arabia and OPEC to stop overproduction of oil and lower prices as a strategy to slow or shut them down or face import quotas. This is the challenge of independents at the Panhandle Initiative to Reduce Imports (PIRI) at an industry and public rally in Carlsbad on September 27th. It will go from 11:30 A.M. to 2:00 P.M. and will be held with a free lunch and admission at the Pecos River Village Convention Center, 711 MUSCATEL AVE, CARLSBAD, NM 88220 Southwest and Rocky Mountain oil producers are under OPEC and Saudi Arabian attack . By 2019 they will capture the recovery of the demand for oil . OPEC is planning to force American consumers back to the 1990s of dependence of imports of foreign oil. The American oil industry, which has in the last 10 years created the technology of oil self-sufficiency, will survive without the smaller independent company pioneers in shale and their future risk-taking in finding oil. Integrated companies (with production and refining combined) will survive and dominate in a second downturn with a smaller market share in America alongside potential 60% oil imports from foreign producers outside North America. This summer’s crude oil price price recovery is unsustainable as Saudi Arabia expands capacity to supply most of the of the 2019 demand upturn worldwide. Price volatility should occur around geopolitical events such as military collision in the South China Sea. The PIRI will present Dr. Daniel Fine and our strategic “White Paper” as the keynote along with oil and gas operators from the Delaware Basin (New Mexico Permian) and the San Juan Basin. The oil and gas industry “bust” will be presented by Tom Taylor, Economic Development, Four Corners and Tom Dugan of Dugan Productions. Tom Cambridge will speak on the Panhandle of West Texas and John Yates, Jr., Yates Petroleum, on the Permian/Delaware. ### More information about the Panhandle Import Reduction Initiative (PIRI) can be found on the PIRI website-> http://www.panimportreduction.org or by calling Dr. Daniel Fine at 505-771-1865 and Tom Cambridge at 806-358-7744

William Fine