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| Rick Perry |
Former Energy Secretary Rick Perry is lobbying on behalf of the US shale oil industry, which faces "an existential threat" due to the collapse of crude oil prices, according to the Financial Times.
Appearing on Fox's "Tucker Carlson Tonight" on March 31, Perry warned the oil industry is "on the verge of massive collapse" because Saudi Arabia is flooding the world with cheap oil.
Perry has been talking up president Trump's bid to cut a deal with Saudi Arabia and Russia to curb production, a rumored deal that led to a spike in oil prices.
Following Trump's tweet about a potential Saudi/Russia production cut, crude oil registered its biggest single-day price jump, 25 percent to $25.32 on April 2.
Most shale producers need oil to be priced at $50 per-barrel to turn a profit.
The FT reports that Perry, who was governor of Texas, has "deep ties to the Midland crowd," referring to the town that is the epicenter of the Lone Star State's shale region.


Anthropic, the San Francisco-based artificial intelligence start-up, has retained Republican powerhouse firm Fierce Government Relations for DC representation.
Chad Horrell, who was senior manager for government relations at DoorDash, has joined BGR Group as VP in its state and local practice.
Continental Strategy, which has close ties with the Trump administration, has registered Geneva-based Rolex as a client for services regarding the tariffs on watch imports.
Kimberly-Clark calls on Ballard Partners as it moves to acquires Kenvue, maker of Tylenol.
Brett Horton, who was chief of staff to House Majority Leader Steve Scalise, has joined the American Hotel & Lodging Assn. as its chief advocacy officer, a new position.



