America .. Efforts to prepare a bill that would punish OPEC and its members
2022-04-29 09:09
Shafak News / A US Senate committee will consider a bill next week that allows for filing lawsuits against the group of oil producers, which includes "OPEC" and allied countries, for allegedly conspiring to raise oil prices.
The bill, sponsored by Republican Senator Chuck Grassley, Democratic Representative Amy Klobuchar and others, comes as the Biden administration struggles to control oil and gasoline prices that have skyrocketed due to Ukraine-related events and impose sanctions on Moscow.
The NOPEC bill would allow the US Attorney General to sue oil-producing countries, such as members of the Organization of Petroleum Exporting Countries, under US antitrust laws, according to US media.
This is not the first time that Congress has considered a bill targeting OPEC in conjunction with the rise in oil prices, as all these attempts have failed for more than 20 years.