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Texas Panhandle group calls on Trump to change oil trade practices


  • “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.”
  • Cambridge — along with Daniel Fine, Harold Courson and John Yates Jr. — formed PIRI in 2014 after they say then-Saudi oil minister Ali Al-Naimi convinced Organization of the Petroleum Exporting Countries (OPEC) members to allow Saudi Arabia to overproduce oil to drive down prices.
  • Cambridge acknowledged the negative impact to producers and employees in the oil and gas industry may not be felt by consumers who cheer declining barrel prices because of the result at the pump.


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