Piffer OT - And Other Assorted Nuts Message Board

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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: c.horn who wrote (24426)	3/22/2000 3:00:00 PM
From: long-gone	of 63513

Interesting tactic: US considers legal action against Opec By Richard Wolffe and Carola Hoyos in Washington - 22 Mar 2000 03:46GMT Antitrust officials are examining whether the Organisation of Petroleum Exporting Countries has violated US competition laws, as Congress intensifies political pressure over the surge in oil prices. The Federal Trade Commission is reviewing court rulings, dating back more than two decades, that give Opec sovereign immunity from US antitrust laws. FTC chairman Robert Pitofsky said: "We are thinking about it, but there is a decision by our courts many years ago that Opec's cartel is a form of state action and entitled to sovereign immunity." (cont) news.ft.com

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