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  • House passes bill to sue OPEC over oil prices

    05/20/2008 10:57:54 AM PDT · by Sub-Driver · 181 replies · 383+ views
    House passes bill to sue OPEC over oil prices Tue May 20, 2008 1:53pm EDT WASHINGTON (Reuters) - The House of Representatives overwhelmingly approved legislation on Tuesday allowing the Justice Department to sue OPEC members for limiting oil supplies and working together to set crude prices, but the White House threatened to veto the measure. 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 measure passed in a 324-84 vote, a big enough margin to override a presidential veto. The legislation also creates a Justice...