The NOPEC Bill Could Send Oil Prices To $300...HERE WE GO!

The idiots would love to create more chaos! I wonder why the Republicans aren't raising hell about increasing our oil production and stop this bullshit!

If biden and company have proven one thing it is that this is the kind of thing he would love to do.

Been watching this for about 3 days now, so tell me, is it going ahead?

he would love to make gasoline unable to purchase and anger the entire country?

cause that is what politicians love doing right, pissing off the entire country so they cannot get elected again

makes total sense

[link to fromthetrenchesworldreport.com]


If the U.S. passes the NOPEC bill, a bill designed to pave the way for lawsuits against OPEC members for market manipulation, the oil market could face even more chaos. OPEC’s most influential energy ministers warned against passing the legislation, suggesting it could send oil prices soaring by 200% or 300%. “The last thing we want is someone trying to hinder that system,” the UAE’s Energy Minister Suhail al-Mazrouei said at a conference in Abu Dhabi, referring to the system OPEC has had in place for decades to ensure supply to the market is adequate (adequate according to OPEC’s view).

“If you hinder that system, you need to watch what you’re asking for, because having a chaotic market you would see … a 200% or 300% increase in the prices that the world cannot handle,” al-Mazrouei said at a panel at the World Utilities Congress hosted by CNBC’s Dan Murphy.

As gasoline prices in America hit record highs, some lawmakers are looking to resurrect the NOPEC legislation that would allow the U.S. Attorney General to sue OPEC or its member states for antitrust behavior.


Forms of a NOPEC bill have been considered in Congress committees for nearly two decades, but they have never moved past committee discussions.

Now OPEC is warning of greater market chaos if NOPEC becomes law. But it’s not only OPEC that has been warning about the implications for America in setting a precedent to remove sovereign immunity. The most powerful oil lobby in the United States, the American Petroleum Institute (API), is also against such legislation, arguing it would bring unintended harm to America’s oil and gas industry and American interests in the world. So is the U.S. Chamber of Commerce, while the White House expressed “concerns” about the potential implications of such a law.

Last week, the U.S. Senate Judiciary Committee approved the so-called No Oil Producing and Exporting Cartels Act (NOPEC).

Forms of antitrust legislation aimed at OPEC were discussed at various times under Presidents George W. Bush and Barack Obama, but they both threatened to veto such legislation.

This time, it’s unclear if the bill would be moved for discussion at the Senate, or then to President Joe Biden’s desk, and it’s unclear whether he would sign such legislation into law.


Commenting on the U.S. Senate Judiciary Committee’s approval of the NOPEC bill, White House Press Secretary Jen Psaki said last week:

“I don’t have an official position on this legislation right now, but we do believe that this potential — the potential implications and unintended consequences of this legislation require further study and deliberation, particularly during this dynamic moment in the global energy markets brought about by President Putin’s invasion of Ukraine.”



:weaver:

Well if you still think that voting is not completely rigged then I guess you would see it that way.

If it goes the way that is being talked about, then potentially,the price of carburant (gas for vehicles) is going to go to something like $24 US per gallon.

Can you imagine the consequences?

If biden and company have proven one thing it is that this is the kind of thing he would love to do.

If it goes the way that is being talked about, then potentially,the price of carburant (gas for vehicles) is going to go to something like $24 US per gallon.

Can you imagine the consequences?

the consequences... no one would drive

those who needed to drive like distribution trucks, would make every product to expensive to purchase

oil companies like profit... they won't price out the majority of their customers and make it so no one can afford their product

if voting is rigged then what happened in 2016?

trump said the 2016 primaries were rigged... and then he won
trump said the 2016 election against hillary was rigged... and then he won

why would biden or any gas company price out EVERY customer for gasoline

no one would buy 1 gallon of gas for $300... oil companies would make no profits

Good logic, kinda what I was just arriving at too.

I hope so. I’ve been prepared for this for 25 years

Man I sure hope so !!!

Ready for us all to just burn this MFKR DOWN !!!

UKRAINE...WHO FKN CARES if you are an American about this stupid political corrupt money laundering BS.

OP
The point is to make gas so expensive..you'll WANT electric cars.

the economy would crumble

oil profits would collapse

no goods would get ship or purchased

so no one would be making money.. that thing oil companies and big corporations love... money

what would most likely happen is governments would for price caps on oil companies and force them to price their product at a certain range

I honestly think they felt Hillary would win in a landslide so they figured they didn't have to cheat as much, or TPTB simply had plans that only Trump could fulfill and he did their bidding.

Not sure really.

You do bring up other good questions that I really don't have an answer for mainly because with TPTB it usually is what's confusing you is the nature of their game...

So,the word is....Orchestrated? And if the answer to that is an affirmative, then you know what territory and possible argument we are going to be discussing.

The soundtrack for $300 a barrel gasoline...

you know what I know about tptb... they not only love money, they need it, it is what gives them power and control

oil companies like profit too... they would not shoo tthemselves in the foot and price out EVERY customer with absurd prices of $300 a gallon

and what makes you think trump is not in league with the PTB? He knew nixon, he knows the clintons, invited them to his wedding and they showed, he knows epstein and ghislaine, he borrowed money from soros in 2004 for his chicago tower and famously said "leave soros alone" at a tea party rally in like 14 or 15, he was on a prime time hollywood NBC tv show for years.....seem slike a wealthy insider to me with lots of PTB friends like Nixon and the clintons and Epstein and Ghislaine

you think the PTB would run the risk of allowing an outsider to run for prez? You think they just allow any person with money to become a presidential nominee and run the risk of losing their empire?

Very possible and yes most likely!