U.S. House panel advances bill allowing anti-trust suits against OPEC | Reuters
A U.S. House panel on Tuesday passed a bill to open the OPEC oil production group and countries working with it to lawsuits for collusion in boosting petroleum prices, but it was uncertain whether the full chamber would consider the legislation.
The so-called NOPEC bill, introduced by Representative Steve Chabot, a Republican, passed on a voice vote in the House Judiciary Committee. It would allow the U.S. Justice Department to bring anti-trust lawsuits against oil-producing countries in the Organization of the Petroleum Exporting Countries.
Similar bills to pressure OPEC when oil prices are on the rise have appeared in Congress without success for more than 20 years.
No comments:
Post a Comment