VOL. XLIII

No. 31

30-July-2000

OPEC

US Senate Subcommittee Approves Bill To Sue OPEC; Senator Lugar Sends Naimi Questions

The US Senate antitrust subcommittee on 27 July approved a bill enabling antitrust regulators to sue OPEC for fixing prices and setting production levels for crude oil. Senator Mike DeWine, R-Ohio, who chairs the subcommittee said: "Indisputably, the biggest contributor of high gas and fuel prices is the unacceptably high price of imported crude oil a price set by...