The so-called No Oil Producing and Exporting Cartels Act, would give the U.S. Department of Justice the powers to sue OPEC members for manipulating oil prices and controlling production The NOPEC bill has popped up in Congress more than once, but so far, it has had little chance of becoming law Former White House official McNally: “We call it a nuclear weapon with a huge and uncertain impact,” It began amicably, with a request from President Biden to OPEC countries to consider boosting their crude oil production because U.S. retail fuel prices were rising fast. Things escalated quickly, with the request becoming a demand and later a veiled threat that unless OPEC did what the White House wanted it to do, there would be consequences. Enter NOPEC. The so-called No Oil Producing and Exporting Cartels Act, if it ever becomes a law, would give the U.S. Department of Justice […]