DBO - In Fear Of NOPEC Legislation OPEC Proclaims Its Innocence
The NOPEC legislation — No Oil Producing and Exporting Cartels Act — in the U.S. Congress is progressing. The House Judiciary Committee approved the bill last week, and it will be considered by the full House. There is bipartisan support.
President Trump has called OPEC a “total illegal monopoly.” And last June he stated, “…you have a monopoly called OPEC, and I don't like that monopoly." In September, he told world leaders at the UN General Assembly that OPEC was “ripping them off.” There is little doubt in my mind that he would sign