U.S. Rep. Goodlatte presses administration to support anti-OPEC legislation [Reuters]
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Source: Reuters
Rep. Goodlatte presses administration to support anti-OPEC legislation | Reuters 3 Min Read WASHINGTON (Reuters) - Bob Goodlatte, outgoing chair of the House of Representatives Judiciary Committee, pressed the Justice Department’s Makan Delrahim on Wednesday to support legislation that would make it easier for the U.S. government to sue to stop OPEC members from pushing up oil prices. Goodlatte, a Republican, noted that the Organization of the Petroleum Exporting Countries agreed this month to cut production to push up oil prices, something that would normally violate U.S. law. “The fact that OPEC is not being held accountable for its anticompetitive behavior makes a mockery of U.S. antitrust law,” said Goodlatte, who asked Delrahim if the administration would support the bill, called the No Oil Producing and Exporting Cartels Act of 2018. “The administration continues to study the legislation,” Delrahim said at a hearing of the Judiciary Committee’s antitrust panel. In a wide-ranging
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