‘NOPEC’ Anti-OPEC Bill Revived in Congress Despite Dim Chances

March 8, 2023, 5:45 PM UTC

Long-standing legislation that would allow the US to take the dramatic step of suing OPEC nations was reintroduced Wednesday by a bipartisan group of senators, though it’s not clear that the bill’s prospects are any better than they’ve been in the past.

The “No Oil Producing and Exporting Cartels Act,” also known as NOPEC, would enable the US government to sue members of the Organization of Petroleum Exporting Countries for manipulating the energy market, potentially seeking billions of dollars in reparations.

Various versions of the bill have been introduced several times over the past two decades, but the legislation, which ...

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