Tuesday, May 20, 2008

The Congress Has Deserted Reality Again

House passes bill to sue OPEC over oil prices
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 Department task force to aggressively investigate gasoline price gouging and energy market manipulation.

Yeah, good luck with that, you eejits.

And if OPEC decides on another 1970s-style boycott, what will you do? Authorize an invasion?

With what army?

No comments: