Bipartisan Effort In House Judiciary Tries Making OPEC Illegal [Forbes]
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Source: Forbes
Bipartisan Effort In House Judiciary Tries Making OPEC Illegal Flames burn off at an oil processing facility in Saudi Aramco's oilfield in the Rub' Al-Khali (Empty Quarter) desert in Shaybah, Saudi Arabia, on Tuesday, Oct. 2, 2018. The House Judiciary Committee wants to make OPEC, of which Saudi is a member, illegal. Photographer: Simon Dawson/Bloomberg © 2018 Bloomberg Finance LP And you thought the U.S. government was just waging a war on terrorism, and a trade war with China, and a Cold War with Russia. Nope. Some in the House of Represenatives are waging one with OPEC. On Feb. 7., the House Judiciary Committee passed the NOPEC bill. It is exactly what it sounds like. Bipartisan House Resolution 948 Congressman Steve Chabot introduced legislation to make it harder for American companies to do business with OPEC. (Leigh Taylor/WCPO via AP, Pool) photo credit: ASSOCIATED PRESS "It's unclear if this will pass the House or the Senate," says Michael Cohen, an economist with Barclays Cap
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