VOL. XLIII

No. 13

27-March-2000

OPEC

US House Passes Bill Targeting Oil Exporting Nations

The US House of Representatives on March 22 voted by 383 to 37 for a bill the Oil Price Reduction Act (OPRA) - which calls on the president to investigate whether oil-producing countries are fixing prices. The vote came against the background of public irritation in the US at the high price of oil products in general and the rising price of gasoline in particular. In the run-up to presidential elections,...