US Votes to Sue OPEC Over Oil Prices

Posted by: Kenny Chan onMay 21st, 2008

The war to liberate the Iraqi people has not brought cheaper oil to US shores so what is a nation that is starving for oil to do? It comes as no surprise that the litigation happy Americans are going to the courts to wage their battle. The U.S. House of Representatives approved legislation on Tuesday allowing the Justice Department to sue OPEC members for limiting oil supplies and working to set crude prices.

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 legislation also creates a Justice Department task force to aggressively investigate gasoline price gouging and energy market manipulation.

For all you gas guzzlers out there, don’t worry–your government is doing everything it can to ensure that supply of gas reaches your vehicle so you can continue to trek around in your SUVs! Perhaps driving schools across the US should teach their students how to get better mileage by hypermiling.

The only good shred of news out of this is that the White house has threatened to veto this move.

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