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Biden's 'unthinkable' options for punishing OPEC: Democrats and the White House are vowing a response to OPEC's production cut...
pollutico ^ | 10/07/2022 12:22 PM EDT | BEN LEFEBVRE and JOSH SIEGEL

Posted on 10/07/2022 7:09:06 PM PDT by BenLurkin

White House and congressional leaders are eyeing several responses to protect U.S. consumers, ranging from an effort to wrest market control away from OPEC, limiting U.S. companies’ energy exports, and easing sanctions on unfriendly oil-producing nations — each of which carries serious potential downsides for American interests.

For now, the White House is pledging to work with Congress on a bill to allow the U.S. to sue oil cartels for antitrust violations...

The so-called NOPEC bill — No Oil Producing and Exporting Cartels — would change antitrust laws to allow the Justice Department to sue nations that restrain trade in oil, natural gas or any petroleum product.

Some Republicans scoffed at Biden’s vow to consult with Congress on the OPEC response, saying Democrats need to show a willingness to increase drilling at home.

(Excerpt) Read more at politico.com ...


TOPICS: Business/Economy
KEYWORDS: benlefebvre; diaperjoestartsww3; joshsiegel; opec
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The people that are actually in charge at the White House are power-mad lunatics.
1 posted on 10/07/2022 7:09:06 PM PDT by BenLurkin
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To: BenLurkin

What in the WORLD are they thinking!?


2 posted on 10/07/2022 7:10:01 PM PDT by dinodino ( )
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To: BenLurkin

Wait, wut?


3 posted on 10/07/2022 7:10:05 PM PDT by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
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To: BenLurkin

What a ridiculous concept since we are not included as a possible guilty party.


4 posted on 10/07/2022 7:10:22 PM PDT by Sacajaweau ( )
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To: dinodino

King Puppet has got his diaper in a twist, it appears...


5 posted on 10/07/2022 7:10:52 PM PDT by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
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To: BenLurkin
For now, the White House is pledging to work with Congress on a bill to allow the U.S. to sue oil cartels for antitrust violations...

In that case I guess Putin can sue NATO for sanctions

6 posted on 10/07/2022 7:10:57 PM PDT by pepsi_junkie ("We want no Gestapo or Secret Police. FBI is tending in that direction." - Harry Truman)
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To: BenLurkin

The US is run by idiots


7 posted on 10/07/2022 7:11:03 PM PDT by aMorePerfectUnion (Fraud vitiates everything. )
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To: BenLurkin

“....protect U.S. consumers....”

They misspelled F*(#.


8 posted on 10/07/2022 7:13:14 PM PDT by Paladin2
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To: BenLurkin

Nothing will erode US power more than picking fights with the Chinese, Russians & Saudis at the same time.

Total morons are in charge.


9 posted on 10/07/2022 7:13:49 PM PDT by Trumpisourlastchance
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To: aMorePerfectUnion

Idiots, kleptocrats & psychopaths.


10 posted on 10/07/2022 7:14:37 PM PDT by Trumpisourlastchance
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To: BenLurkin
Hans Blix: I'm sorry, but the UN must be firm with you. Let me see your whole palace, or else...

Kim Jong-il: Or erse what?

Hans Blix: Or else we will be very, very angry with you... And we will write you a letter, telling you how angry we are.

11 posted on 10/07/2022 7:15:20 PM PDT by ealgeone
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To: BenLurkin

And OPEC can do what they have done before, cut the oil off to the west, then what Joe? That will kill Europe for sure and impact us to a degree unless we can drill and produce full out. This will backfire in a big manner.


12 posted on 10/07/2022 7:16:31 PM PDT by Captain Peter Blood
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To: BenLurkin

What a Charlie Fox operation.


13 posted on 10/07/2022 7:17:57 PM PDT by grobdriver (The CDC can KMA!)
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To: BenLurkin

The first thing Joe Biden did in office was to cut OUR oil production.

For him to complain about resource extraction policies in foreign countries is a sad, sick joke. Like Joe himself.


14 posted on 10/07/2022 7:19:11 PM PDT by ClearCase_guy (We are already in a revolutionary period, and the Rule of Law means nothing. )
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To: BenLurkin

Yeah, consult Congress - the Saudis face the wrath of Liz Cheney and the entire J6 “Select” Committee. They’ll cave.


15 posted on 10/07/2022 7:20:06 PM PDT by Billthedrill
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To: BenLurkin

The real thing is worse than the movies. Idiocracy. Being There.


16 posted on 10/07/2022 7:22:45 PM PDT by TornadoAlley3 ( I'm Proud To Be An Okie From Muskogee)
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To: BenLurkin

Joe Bidet just can’t leave bad enough alone.


17 posted on 10/07/2022 7:23:26 PM PDT by Brooklyn Attitude (I went to bed on November 3rd 2020 and woke up in 1984.)
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To: BenLurkin

To be sure the mullahs in Iran are shaking in their boots with the thought of being sued by the great satan. Good Gawd, will congress get some stones and remove this feeb in cheef?


18 posted on 10/07/2022 7:26:02 PM PDT by redcatcherb412
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To: BenLurkin

Anything is better than reviving our own oil industry.

Better Dead than NOT Green!

Armageddon? C’mon, man!

Harris/Bootiejudge 2024!

Hail Hydra!


19 posted on 10/07/2022 7:26:34 PM PDT by Quentin Quarantino
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To: BenLurkin
The so-called NOPEC bill — No Oil Producing and Exporting Cartels — would change antitrust laws to allow the Justice Department to sue nations that restrain trade in oil, natural gas or any petroleum product.

Yeah, because nations like Russia are subject to the American legal system.

These people are fools in addition to being evil.

20 posted on 10/07/2022 7:27:57 PM PDT by Lazamataz (The firearms I own today, are the firearms I will die with. How I die will be up to them.)
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