EnergySource
Mar 31, 2021
Five reasons why NOPEC probably will not happen this year (And three reasons why it is still worth watching)
By
Randolph Bell, Reed Blakemore
On Thursday, March 25, Senator Chuck Grassley (R-IA) and a bipartisan group of senators reintroduced the No Oil Producing and Exporting Cartels (NOPEC) Act, which seeks to enable the Department of Energy to bring lawsuits against OPEC members for antitrust violations. And while it is unlikely that the bill will get any traction this year, there are several reasons to keep an eye on it.