Legal Opinion
Davidson Oil Company v. City of Albuquerque
District Court, D. New Mexico
Decided June 23, 2021No. 1:20-cv-00838Unknown
1Opinion
IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF NEW MEXICO DAVIDSON OIL COMPANY, Plaintiff, v. No. CIV 20-0838 RB/JHR CITY OF ALBUQUERQUE, Defendant. MEMORANDUM OPINION AND ORDER In January 2020, Davidson Oil Company entered into a fixed-price requirements contract with the City of Albuquerque to supply the City’s fuel needs to begin in July 2020. In preparation for the Contract, Davidson Oil bought twelve one-month contracts to purchase fuel with the prices locked in as of January 31, 2020. Within weeks, the oil industry experienced an unprecedented decline in oil prices. Shortly…
2Cases cited25 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Torncello v. United StatesUnited States Court of Claims · 1982
- Melnick v. State Farm Mutual Automobile InsuranceNew Mexico Supreme Court · 1988
- Continental Potash, Inc. v. Freeport-McMoran, Inc.New Mexico Supreme Court · 1993
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