John Rice Carter: “I spent a long time as a district judge and watching lawsuits. It is very fascinating, this sue OPEC argument that's out…”

“I spent a long time as a district judge and watching lawsuits. It is very fascinating, this sue OPEC argument that's out there, because as I understand it, the lawsuit would be you are not producing enough, therefore, you're fixing the price and we're suing you. And I would see a lawyer for the Saudi Arabians or whomever we had sued, they would say, well, wait a minute, you're not producing, therefore, you're influencing the price of oil; so I'm going to counter-sue you under this lawsuit, and now, America, let's see who's not producing the most. I'm afraid we'd lose because we're not producing anything on the east coast, anything on the west coast, anything in half of the Gulf of Mexico and anything in a quarter of Alaska, where they can argue that they're producing everything they can pump. It's just how fast they turn up the pumps. So that lawsuit might turn its back on us right there, and that concerns me. But that's all speculation. It's not speculation that that family's not getting to go on a vacation.”