Sue Opec??

With the populace, Congress & Media bitterly bitching about petroleum prices, you support OPEC? 😦   Where in Hell is your common sense? 😦  Where in Hell is your conscience? 😦  Conservative, my ass! 😦 😦 😦    At least conservatives are learning from their error and carefully inspecting the records of current pretenders. 🙂

NOPEC: President Threatens Veto over OPEC Restrictions 

A bill before Congress intended to weaken the strength of anti-American oil producing regimes like Venezuela and Iran. From the Heritage Policy Blog:http://www.heritageblogs.org/index.php/967_nopec-update 

The No Oil Producing and Exporting Cartels Act of 2007, or “NOPEC,” would allow the Justice Department to sue OPEC, the international oil cartel, under the Sherman Antitrust Act. Its passage would rectify aberrational legal decisions which have granted OPEC special protections it does not deserve. In two instances (see the Prewitt and International Association of Machinists and Aerospace Workers cases), U.S. courts protected OPEC from U.S. antitrust enforcement based upon the foreign sovereign immunity protection it claimed for its member states. For two reasons, however, these decisions are misguided. First, sovereign immunity can only be enjoyed by sovereign nations, which OPEC clearly is not. Second, according to the Foreign Sovereign Immunity Act of 1976, this doctrine does not protect the commercial activities of nations…In June, the Senate made NOPEC part of its energy measure by a vote of 70-23, while in May the House approved it 342-72 as a stand-alone bill. With the backing of Democrats and Republics alike, it looks like NOPEC should land on President Bush’s desk in the near future. 

Yet, according to the WSJ:

“The White House’s Office of Management and Budget said it would advise the president to veto NOPEC because exposing the Organization of Petroleum Exporting Countries to lawsuits could trigger a variety of legal, political, and economic headaches for the U.S…. Sean Kevelighan, an OMB spokesman, says the White House “adamantly” opposes NOPEC.”