Trump’s open and repeated criticism of OPEC and its influence on oil prices provides credibility to the belief that he would sign into law the NOPEC legislation that is currently making its way through Congress.
The bill would allow America to pursue litigation against OPEC on anti trust grounds.
NOPEC isn’t a totally new concept, as it has been drafted and voted through Congress some 16 times over the past 18 years, but never made it past the President’s desk, whether it was Bush or Obama. But Trump could give NOPEC a different sort of ending, one which could see it taking up the status of US law.
CB 14:58 why would a bully want a law even if it - allegely - would "allow the U.S. to sue the cartel for manipulating crude prices and global oil market that caused enormous damage for the American economy and consumers" ?
Mtl JP 09:02:59 GMT - 06/24/2018
Russia Supports OPEC Plan to Lift Oil Production - wsj
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