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OPEC is considering measures in case the US adopts the bill against oil cartels. reports TASS.
`OPEC is consulting with lawyers to prepare a strategy to defend against proposed U.S. legislation that could open the cartel up to antitrust lawsuits.
The organization`s legal team will hold talks in the coming days with law firms including White &. Case about the `No Oil Producing and Exporting Cartels Act.` one of the people said. asking not to be identified because the information is not public.
The cartel is seeking strategy recommendations for dealing with the NOPEC bill. which could allow the U.S. government to sue it for manipulating energy prices.` reads the message.
The House of Representatives introduced a version of the bill in May. The Senate earlier this week also brought up a draft of the legislation. which would amend the Sherman Antitrust Act of 1890. That`s the law used more than a century ago to break up the oil empire of John Rockefeller.
