May 21, 2008

Energy

Mama Don’t Allow No Petroleum Cartels Around Here II

Carroll Andrew Morse

Although the Democrats deserve some credit for taking a decidedly non-blame America first position here, I still don't get how you could realistically enforce any penalty associated with this proposed law (short of say, declaring war) passed by the U.S House of Representatives yesterday…

The House of Representatives overwhelmingly approved legislation on Tuesday allowing the Justice Department to sue OPEC members for limiting oil supplies and working together to set crude prices, but the White House threatened to veto the measure.

The bill would subject OPEC oil producers, including Saudi Arabia, Iran and Venezuela, to the same antitrust laws that U.S. companies must follow.


12:30 PM | TrackBack (0)
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I'm sure the Saudi, Iranian and Venezualan courts will order their banks to turn over the money to Pelosi and Reid!
Such idiocy. Where's the next Darfur Resolution.

Posted by: Mike at May 22, 2008 6:47 PM
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