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Tuesday, May 22, 2007

Chabot oil bill passes House

The House passed a bill today from Reps. Steve Chabot, R-Ohio, and Judiciary Committee Chairman John Conyers, D-Mich., that will pave the way for the U.S. to sue members of OPEC, the Oil Producing and Exporting Cartels. The measure passed 345 to 72.

“The NOPEC legislation that passed today is just one component of a broader energy policy needed to lower gas prices and bring relief to consumers,” Chabot said. “While it is important to target the anti-competitive practices of these price-fixing oil cartels, we must continue to press for increased domestic energy output, better alternative energy sources and greater energy efficiency.”


This bill was the subject of a House Judiciary Committee hearing last week. A companion bill has already passed the Senate Judiciary Committee.


8 Comments:

at 10:38 AM, May 23, 2007 Blogger usefullidiot said...

Good for Steve!!!! I bet he had to be scrubed like Karen Silkwood after that meeting!!!!!

 
at 11:14 AM, May 23, 2007 Anonymous Anonymous said...

Nice work, Steve! Thanks!

 
at 12:01 PM, May 23, 2007 Anonymous Anonymous said...

Gee what a weasel way to bypass the actual problem. Oil companies making obscene profits.

Everyone is entitled to make money... but oil companies simply make too much. Despite what they claim... they are deliberately limiting supply in order to fuel price increases. Refineries have much more capacity than they claim... and using maintenance as an excuse is just BS.

 
at 3:53 PM, May 23, 2007 Anonymous Anonymous said...

Anon -- if "oil companies simply make too much" money, how much is the right amount? A gallon of gas is cheaper than a gallon of water, and water doesn't require exploration, extraction, and the elaborate refining process petroleum undergoes.

 
at 4:03 PM, May 23, 2007 Blogger usefullidiot said...

Anon 12:01,

Your right, Conyers is a Weasel.
Exxon-Mobil posted a 10% profit last year....hardly close to L. RON Algore's belovid Google at around 28%.
If big goverment strats fooling with Exxon-Mobil margins, than public employee pension funds will dropfaster than a prom dress

 
at 4:45 PM, May 23, 2007 Anonymous Anonymous said...

Nice to see Congressman Chabot stay on top of the important issues. I heard Jean Schmidt is planning to respond by renaming a Rest Area.

 
at 12:03 AM, May 24, 2007 Anonymous Anonymous said...

Why not attack the price-fixing practices of the oil companies, Steve? This is a distraction from the real issue. Chabot's never going to attack the industry that lines his pockets, though.

 
at 12:18 PM, May 29, 2007 Anonymous Anonymous said...

This bill ignores the real cause of the problem, which is a lack of refining capacity. It will have exactly zero impact on gas prices.

 
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