Seriously.
Congressional Insanity: Sue OPEC over Oil Prices
- How do we "sue" them?
- In what court?
- Who's the presiding judge?
- What sort of punishment might they face if found guilty?
- And who will carry out that punishment?
- How much more dellusional can we get?
Congressional Insanity: Sue OPEC over Oil Prices
- How do we "sue" them?
- In what court?
- Who's the presiding judge?
- What sort of punishment might they face if found guilty?
- And who will carry out that punishment?
- How much more dellusional can we get?
Congressional Insanity: Sue OPEC over Oil Prices
by Michael Shedlock / May 23, 2008
In a veto-proof margin, no doubt enhanced by election political pandering,the House passes bill to sue OPEC over oil prices.
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.
The measure passed in a 324-84 vote, a big enough margin to override a presidential veto. The legislation also creates a Justice Department task force to aggressively investigate gasoline price gouging and energy market manipulation.
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