NOPEC

To help lower those prices, Congress has overwhelmingly passed the so - called NOPEC law.

CNN Transcript Jul 11, 2007 2007

The White House made it clear that it would veto any and all "NOPEC" legislation (the name given to the bill that had OPEC collusion in its sights), and sat happily by as the price of oil shot up to $147/barrel thereby helping to crush the economy, together with a dysfunctional and out of touch Department of Energy mumbling about oil prices being a consequence of "market forces."

Raymond J. Learsy: U.S. Launches Complaint at WTO Over Chinese Export Curbs While Giving OPEC/Saudi Arabia a Free Pass 2009

Next week, the House is expected to vote on more legislation that could embarrass Mr. Bush, including a so-called "NOPEC" bill that would allow the Justice Department to take legal action against OPEC-controlled entities.

Saudis Rebuff Bush on Oil John D. McKinnon, Stephen Power 2008

He carried the beacon of the oil patch's priorities, from a policy coaxing Iraq back into the arms of OPEC, from lack of oversight and regulation of oil trading on the commodity exchanges, from tepid automobile gas mileage standards, from a Department of Energy almost totally wedded to and becoming an apologist for the oil industry and its interests, from a corrupted Department of the Interior filled with oil industry partisans ever happy to accord the industry cozy accounting in the determination of royalties, from coddling Saudi Arabia and OPEC policies, from blocking all Congressional initiatives for "NOPEC" legislation which would have ended the sovereign immunity under U.S. law extended to OPEC national oil companies precluding legal action against OPEC's monopolistic conspiracy, and on.

The Billion Dollar Day Extortion: A Somnolent Administration and Dysfunctional Congress' Gift to the American People 2010

The Obama Administration has made no effort to re-initiate countervailing legislation such as the NOPEC bill that then President Bush scuttled in 2007 by threat of a veto -- a bill that would have legislatively curtailed OPEC's sovereign immunity on American soil and helped to counter OPEC's glaring distortion of the oil markets.

Raymond J. Learsy: Exxon Profits Ironically Jump 41% While Our Government Snoozes Away Raymond J. Learsy 2011

- During the Bush administration the House passed NOPEC legislation that would have permitted the Department of Justice and the Federal Trade Commission to take action against OPEC members in American courts, charging them with restraint of trade and anti trust collusion.

Raymond J. Learsy: Oil's Massive Price Distortion Militates the Reconvening of the 1970s Federal Oil Price Task Force 2010

NOPEC legislation has not been introduced nor acted upon by this administration.

The Billion Dollar Day Extortion: A Somnolent Administration and Dysfunctional Congress' Gift to the American People 2010

- What role could NOPEC legislation play in restraining OPEC's willful collusion by striking the sovereign immunity extended to OPEC members that gives them leave under American jurisprudence?

Raymond J. Learsy: Oil's Massive Price Distortion Militates the Reconvening of the 1970s Federal Oil Price Task Force 2010

NOPEC legislation would remove the judicial technicality that permits OPEC to flout American law under the rubric of "sovereign immunity".

Raymond J. Learsy: Russia Initiates Overtures to Obama While Plotting Energy Extortion 2009

Perhaps one of the first orders of business on the energy front for the new administration should be the passage and signing into law of NOPEC legislation, legislation that has wide support in Congress that would permit legal process against nationally sponsored oil companies as those of the OPEC cartel members.

Raymond J. Learsy: Russia Initiates Overtures to Obama While Plotting Energy Extortion 2009