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house Bill H.R. 948

NOPEC: Should the OPEC Cartel be Subject to U.S. Anti-Trust Law For Fixing Oil Prices?

Argument in favor

For too long, the OPEC cartel has fixed oil prices to maximize their profits and decrease competition while avoiding accountability for anti-competitive behavior. This bipartisan bill ends that by ensuring the federal government can enforce anti-trust law against OPEC.

SneakyPete's Opinion
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03/29/2019
👎🏻H.R. 948 “No Oil Producing and Exporting Cartels Act” or “NOPEC”👎🏻 It won’t do any good for the U.S. to go after OPEC in federal court, as those countries will try to manipulate petroleum markets in other ways. The administration could tell the Dept. of Justice to not pursue an anti-trust action against OPEC for diplomatic or economic reasons. For too long, the OPEC cartel has fixed oil prices to maximize their profits and decrease competition while avoiding accountability for anti-competitive behavior. This bipartisan bill ends that by ensuring the federal government can enforce anti-trust law against OPEC. I’m of the opinion that it’d be an impossibility to enforce any supposedly violation of anti-trust law by any foreign organization’s members to cooperate to: 1) limit the production or distribution of oil, natural gas, or any other petroleum product; 2) set or maintain the price of oil, natural gas, or any other petroleum product; or 3) take any other action to restrain the trade of oil, natural gas, or any other petroleum product. It’s doubtful, in my opinion, that this legislation will make into,the front door of the House. SneakyPete..... 👎🏻👎🏻HR-948👎🏻👎🏻. 4*16*19.....
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Jacob's Opinion
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04/16/2019
Anti-trust laws exist for a reason. They need to apply to all corporations
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Ian's Opinion
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04/16/2019
OMG!!!! Really people? You all are about 60-years overdue and zillions of dollars too late!
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Argument opposed

It won’t do any good for the U.S. to go after OPEC in federal court, as those countries will try to manipulate petroleum markets in other ways. The administration could tell the Dept. of Justice to not pursue an anti-trust action against OPEC for diplomatic or economic reasons.

Kodiwodi's Opinion
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04/16/2019
I don’t know how to break this to you guys. The US does not rule the World. We cannot impose our laws on other groups of nations especially when trump is busy try to pull the US out of every organization, group, resolution, aid packet, alliance, agreement and trade pact we’ve ever been in if he doesn’t agree with them on every issue or he doesn’t personally do business with them. Heck we don’t even allow representatives of the international court in our country. Additionally OPEC is not a Corporation. It is an alliance of oil producing nations and as such would not be subject to US anti trust laws. You want energy independence move to renewables.
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suzanneh2017's Opinion
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04/16/2019
I am often confused by the current administration‘s policies. Of course I hate him but I’m still confused by the policies. Is it our job to tell OPEC what they can charge? Is it America’s right to decide who the Golan Heights belongs to? America really needs to do a better job of minding its own damn business. And attending to our own extreme infrastructure needs. To our environment, to our educational crisis, and to the extreme wage discrepancies. And somehow this reeks of the Republicans and Donald Trump demanding that they can drill for oil anywhere in the United States they want to, regardless of what the states and the constituents have to say.
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Richard's Opinion
···
04/16/2019
How about we ditch oil and fully invest in renewable green energy. That way OPEC becomes almost a mute point. The positive impact on the environment would go a long way towards mitigating the damage due to climate change.
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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      Committee on the Judiciary
    IntroducedFebruary 4th, 2019
    👎🏻H.R. 948 “No Oil Producing and Exporting Cartels Act” or “NOPEC”👎🏻 It won’t do any good for the U.S. to go after OPEC in federal court, as those countries will try to manipulate petroleum markets in other ways. The administration could tell the Dept. of Justice to not pursue an anti-trust action against OPEC for diplomatic or economic reasons. For too long, the OPEC cartel has fixed oil prices to maximize their profits and decrease competition while avoiding accountability for anti-competitive behavior. This bipartisan bill ends that by ensuring the federal government can enforce anti-trust law against OPEC. I’m of the opinion that it’d be an impossibility to enforce any supposedly violation of anti-trust law by any foreign organization’s members to cooperate to: 1) limit the production or distribution of oil, natural gas, or any other petroleum product; 2) set or maintain the price of oil, natural gas, or any other petroleum product; or 3) take any other action to restrain the trade of oil, natural gas, or any other petroleum product. It’s doubtful, in my opinion, that this legislation will make into,the front door of the House. SneakyPete..... 👎🏻👎🏻HR-948👎🏻👎🏻. 4*16*19.....
    Like (26)
    Follow
    Share
    I don’t know how to break this to you guys. The US does not rule the World. We cannot impose our laws on other groups of nations especially when trump is busy try to pull the US out of every organization, group, resolution, aid packet, alliance, agreement and trade pact we’ve ever been in if he doesn’t agree with them on every issue or he doesn’t personally do business with them. Heck we don’t even allow representatives of the international court in our country. Additionally OPEC is not a Corporation. It is an alliance of oil producing nations and as such would not be subject to US anti trust laws. You want energy independence move to renewables.
    Like (74)
    Follow
    Share
    I am often confused by the current administration‘s policies. Of course I hate him but I’m still confused by the policies. Is it our job to tell OPEC what they can charge? Is it America’s right to decide who the Golan Heights belongs to? America really needs to do a better job of minding its own damn business. And attending to our own extreme infrastructure needs. To our environment, to our educational crisis, and to the extreme wage discrepancies. And somehow this reeks of the Republicans and Donald Trump demanding that they can drill for oil anywhere in the United States they want to, regardless of what the states and the constituents have to say.
    Like (33)
    Follow
    Share
    How about we ditch oil and fully invest in renewable green energy. That way OPEC becomes almost a mute point. The positive impact on the environment would go a long way towards mitigating the damage due to climate change.
    Like (32)
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    Hate to break this to people, but we have no jurisdiction over the OPEC countries. If we want to achieve energy security the answer is to move to diffused locally generated renewable energy ASAP. The best way to break or make a market is by demand. Like many other things, supply side doesn’t work. Doesn’t work in economics, doesn’t work in energy generation. Wind, solar, hydro, geothermal, tidal, EMD. Kill the demand for oil and OPEC will collapse on its own.
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    Anti-trust laws exist for a reason. They need to apply to all corporations
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    OMG!!!! Really people? You all are about 60-years overdue and zillions of dollars too late!
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    Price fixing is the shining example of the abuses threatened by monopolies, and should be the wake-up call to treat this monipoly as such.
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    It appears that we’re at the height of our arrogance when we think that we can subject foreign countries to US anti-trust laws. OPEC isn’t even a corporation or business so applying anti-trust laws to them doesn’t make any sense to begin with. If we really want to reduce their influence on the United States, we should transition dramatically towards using more clean forms of energy and reinstate the ban on crude oil exports that was repealed in 2015!
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    Of course not. Makes as much sense as making "Mexico pay for the wall"
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    OPEC is not a company so it is not subject to anti-trust laws. I’m surprised a legal aide even allowed this to get put forward. Further more while OPEC sets the the production rate for member states, there are oil producing countries that are not OPEC members including the US.
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    Oh, the magic of government control. I suggest we find out how Venezuela feels about this OPEC price fixing.
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    Although I believe there should be some way to regulate OPEC it is an impossible dream until we as a nation decide to get away from oil products. Opec are sovereign nations and we can't control another nations doings.
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    Agree OPEC is a cartel that fixes oil prices not Obama like the Left liked to say during the 2016 election, the bill makes sense to have some teeth against OPEC but it just seems like cutting government spending would be more effective to help American Taxpayers.
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    I drive a Tesla Model 3. OPEC free. Time for the US to innovate.
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    Energy independence through clean renewable resources is the answer. There is a delicate political power struggle over oil, but fighting OPEC in this way is not the way to win this battle. Reduce our dependence on oil and side step this unwinable political battle.
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    The countries of OPEC are sovereign nations. They make their own laws and are not subjects of the US. Should we try to persuade them to our way of thinking? YES! Should we unilaterally enforce our will on them? NO! That would be evil.
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    Isn’t it precious how the U. S. thinks it can insist upon its brand of capitalism for the whole world? Calling a group a “cartel” just because you are addicted to the product they supply doesn’t make them a cartel. This looks like another fat load of Republican nonsense to me.
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    OPEC isn't an American entity. How can we subject them to US laws?
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    As much as I despise cartels like OPEC they are not an American company subject to our laws so this bill is a waste of time.
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