101Scout
06-20-2007, 08:42 PM
by a 70-23 vote, the Senate voted to slip into the Energy Legislation a plan to sue OPEC for oil price manipulation. I am shocked to read this. I never thot that this Senate would have the balls to go after OPEC. But, did they know that Bush has threatened to veto the bill if they present it to him? I'd like to see who (23) voted no on this plan if anyone finds that.
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US Senate clears plan to sue Opec
Reuters
Published: June 20, 2007
Washington: The US Senate on Tuesday approved a plan that would enable the federal government to sue the Organisation of Petroleum Exporting Countries (Opec) for price manipulation, but the White House has threatened to veto the measure and opponents warned Opec members could retaliate by turning off the taps.
The bill would revoke the sovereign immunity Opec members enjoy from US legal action. It would allow the Justice Department to sue Opec nations in US courts.
The Senate voted 70-23 to attach the proposal to energy legislation that the chamber is expected to vote on by the end of the week. The body had approved a similar measure in 2005 but it was dropped before the bill was finalised.
Fear of backlash
The White House has threatened to veto the measure, and even if it became law, the Bush administration's Justice Department would have to initiate any lawsuit.
The bill's opponents admitted that it was popular but warned that Opec nations - source of about a third of the world's oil - could reciprocate and sue the US in their courts.
[Only registered and activated users can see links]
US Senate clears plan to sue Opec
Reuters
Published: June 20, 2007
Washington: The US Senate on Tuesday approved a plan that would enable the federal government to sue the Organisation of Petroleum Exporting Countries (Opec) for price manipulation, but the White House has threatened to veto the measure and opponents warned Opec members could retaliate by turning off the taps.
The bill would revoke the sovereign immunity Opec members enjoy from US legal action. It would allow the Justice Department to sue Opec nations in US courts.
The Senate voted 70-23 to attach the proposal to energy legislation that the chamber is expected to vote on by the end of the week. The body had approved a similar measure in 2005 but it was dropped before the bill was finalised.
Fear of backlash
The White House has threatened to veto the measure, and even if it became law, the Bush administration's Justice Department would have to initiate any lawsuit.
The bill's opponents admitted that it was popular but warned that Opec nations - source of about a third of the world's oil - could reciprocate and sue the US in their courts.