Politics, Geopolitics & Conflict NOPEC legislation is a dangerous provocation. Passed by a Senate panel on Thursday after being bandied about for some 20 years and rejected time and again, it’s suddenly gained more impetus because of soaring oil prices and pain at the American gas pumps. The legislation, if signed into law by Biden (which is far from a certainty) would give the U.
S. a pathway to sue the cartel for price-fixing and market manipulation. That may have made more sense back in the days before American shale burst on the scene…Is Now The Time For The NOPEC Bill?
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