May 22, 2007
Decrying near-record high gasoline prices, the House voted Tuesday to allow the government to sue OPEC over oil production quotas.The White House objected, saying that might disrupt supplies and lead to even higher costs at the pump. The Organization of Petroleum Exporting Countries is the cartel that accounts for 40 percent of the world's oil production.
"We don't have to stand by and watch OPEC dictate the price of gas," Judiciary Committee Chairman John Conyers (news, bio, voting record), D-Mich., the bill's chief sponsor, declared, reflecting the frustration lawmakers have felt over their inability to address people's worries about high summer fuel costs.
The measure passed 345-72. A similar bill awaits action in the Senate.
Why don't we deal with the real issues in the gas price crisis and allow for more exploration and drilling in areas closed by law, encourage the building of more refineries and the upgrading of older ones, and do away with all the special blends of gas required by government fiat. Those things would do more to end the upward spike than getting a non-enforceable judgment from a federal court.
Posted by: Greg at
10:05 PM
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