NOPEC Bill Could Send Prices At The Pump Even Higher ...Middle East

After some two decades of failed attempts, the NOPEC (No Oil Producing and Exporting Cartels) Act was passed by a Senate panel on Thursday in a 17:4 vote. This dangerous, controversial and arguably illogical piece of legislation has an odd mixture of bipartisan support, but even the White House now seems to be cautiously weighing the implications.  The legislation, which would have to be passed by the full Senate and the House and then be signed into law by the president, would essentially give the U.S. the ability to sue OPEC (and any foreign…

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