VOL. XLIII

No. 39

25-September-2000

OPEC

US Senate Judiciary Committee Approves Antitrust Legislation Against OPEC

The Judiciary Committee of the United States Senate on 21 September approved legislation that would allow the US Justice Department and the Federal Trade Commission to file antitrust lawsuits against OPEC for fixing the price of oil. The legislation stems from a letter sent by four US Senators to President Bill Clinton last April urging lawsuits against OPEC in the US Federal district...