Occidental Petroleum is opposing a Texas-wide mandated production cut, but it is asking the U.S. Administration for federal financial assistance for the U.S. oil industry which can’t make any money at $30 oil, Bloomberg reported on Thursday, quoting a letter to Congress that it had seen. Oxy is looking for the U.S. government to “provide liquidity to the energy industry through this period of unprecedented demand destruction and unsustainable pricing until normal economic conditions return,” according to the letter linked in an April 7 email and seen by Bloomberg News. In the letter, Occidental also called on U.S. lawmakers to talk with OPEC’s de facto leader and the world’s top oil exporter, Saudi Arabia, to end its feud with Russia, to seek fair access of U.S. oil on the Asian markets, and to back oil purchases for the Strategic Petroleum Reserve (SPR), Bloomberg reports. While Oxy is seeking government […]