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Author Topic: US Energy Bill allows for OPEC to be taken to court for price fixing.  (Read 799 times)
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Bront
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« on: July 12, 2007, 04:07:10 AM »

It's among many ammendments in an energy bill that oddly I can't find a lot of online info about, but there's plenty of news about it on CNN.

You can see many of the ammendments here.  However, specificly of interest...

Quote
Sen. Herb Kohl (D-Wis.) was pleased. He won approval of his "NOPEC" amendment, which would allow the Justice Department to sue in American courts the Organization of the Petroleum Exporting Countries for alleged price-fixing.


Apparently, this passed in both the House and the Senate by enough of a margin that it could overcome a veto.  But my question is this... WFT?

How the hell can the US try foreign organizations for not following US standards of free trade on foreign soil?
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« Reply #1 on: July 12, 2007, 07:17:12 PM »

I'm confused.
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« Reply #2 on: July 12, 2007, 08:44:48 PM »

Wow. That's pretty interesting, Tim.

Tony, I'd help you pick up your rock for you, but I am afraid it is more like a hermit-crab shell.
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« Reply #3 on: July 13, 2007, 11:50:30 AM »

I'm confused.
We knew that.  Perhaps you could be more specific about what you're confused about?
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