For too long, the OPEC cartel has fixed oil prices to maximize their profits and decrease competition while avoiding accountability for anti-competitive behavior. This bipartisan bill ends that by ensuring the federal government can enforce anti-trust law against OPEC.
It won’t do any good for the U.S. to go after OPEC in federal court, as those countries will try to manipulate petroleum markets in other ways. The administration could tell the Dept. of Justice to not pursue an anti-trust action against OPEC for diplomatic or economic reasons.