Well, this ought to go over well...NOT!

[Subdivisions]

http://www.reuters.com/article/topNews/idUSWAT00953020080520?feedType=RSS&feedName=topNews&rpc=22&sp=true">House passes bill to sue OPEC over oil prices

WASHINGTON (Reuters) - The House of Representatives overwhelmingly approved legislation on Tuesday allowing the Justice Department to sue OPEC members for limiting oil supplies and working together to set crude prices, but the White House threatened to veto the measure.

The bill would subject OPEC oil producers, including Saudi Arabia, Iran and Venezuela, to the same antitrust laws that U.S. companies must follow.

The measure passed in a 324-84 vote, a big enough margin to override a presidential veto.

The legislation also creates a Justice Department task force to aggressively investigate gasoline price gouging and energy market manipulation.

"This bill guarantees that oil prices will reflect supply and demand economic rules, instead of wildly speculative and perhaps illegal activities," said Democratic Rep. Steve Kagen of Wisconsin, who sponsored the legislation.

-snip-

Think oil is expensive now?

Has the MSM mentioned this?

[panader0]

1. This seems nuts to me

There is no way the US can sue OPEC.

[Beregond2]

3. Even if there were an international law that covered this,

given the contempt we have shown for international law lately, the world would just laugh at us.

[JuniperLea]

2. Why not just beg them to cut us off altogether? eom

[magellan]

4. Overwhelmingly approved? Are they insane?

I don't know why I'm still surprised at the idiocy that comes out of our government regardless of WHO'S in charge. They really do think they own the world.

How're you doing, Texas?

[Canuckistanian]

5. Wow, what a short-sighted "solution"

Considering that Canada and Mexico, non-OPEC members supply the US with most of it's foreign oil.

Not to mention Venezuela.

Sorry, I just mentioned Venezuela.