On Tuesday, this week, the House voted to allow the government to sue OPEC over oil production quotas, while on other hand the White House said that this was a bad idea and could threaten gas prices in the future. The measure would change antitrust laws so that the Justice Department can sue OPEC member countries for price-fixing, and would remove the immunity given a sovereign state against such lawsuits. In think that the House is nuts in wanting to sue OPEC mainly because they supply over 40 percent of crude oil to the United States, if this bill was to pass OPEC could cut of the United States from all oil supplies forever. “The White House objected, saying that might disrupt supplies and lead to even higher costs at the pump.” On the other hand OPEC needs to be put in their place and know that the world has other alternatives to them, even though they may not be recognized now, but eventually OPEC needs to lower their prices of the United States will go else where. “We don't have to stand by and watch OPEC dictate the price of gas," Judiciary Committee Chairman John Conyers said, Nevertheless, the House felt it was important to take on OPEC, the major player in oil production.Read the story for yourself:
http://news.yahoo.com/s/ap/20070522/ap_on_go_co/congress_energy_1
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