Bill would allow suing OPEC

| Friday, May 18, 2007

The U.S. House Judiciary Committee on Thursday, May 17, approved a bill that would allow the U.S. to sue OPEC nations under anti-trust laws for colluding to set oil prices.

However, similar legislation has been repeatedly rejected by the Senate in the past.

Connecticut Attorney General Richard Blumenthal told Congressional Quarterly he’s arguing in favor of the House bill.

Blumenthal cited OPEC’s practices, saying “There is no clearer instance of monopolistic pricing.”

Comments