Long a political punching bag, the OPEC oil cartel could soon find itself in the unenviable position of fending off US antitrust lawsuits — thanks to an unprecedented convergence of views between the White House and Congress.
Congress has attempted to pass the bipartisan No Oil Producing and Exporting Cartels Act — nicknamed NOPEC — since 2000, only to have its efforts repeatedly stymied by the George W. Bush and Barack Obama administrations.