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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Taikun who wrote (30783)	4/16/2005 7:00:42 AM
From: shades	Respond to of 110194

NOPEC iii.co.uk WASHINGTON (AFX) - The US Senate Judiciary Committee passed a bill dubbed "NOPEC", which would allow legal action to be taken against cartels such as OPEC, said Senator Patrick Leahy, one of the bill's co-sponsors. "The bill would allow the US Department of Justice and the Federal Trade Commission to file antitrust lawsuits against foreign states, such as members of the Oil Producing and Exporting Countries (OPEC), for price fixing and other anticompetitive activities," said the Democrat. "High oil import costs this year have affected all Americans in the form of record-high gasoline prices that continue to soar," said Leahy to justify the measure. The bill, just passed, would make it illegal for foreign states and their agents "to act collectively or in combination with any other foreign state ...or agent" to limit the production of oil, natural gas, or any other petroleum product, or fix the prices of such products. Legal action may be taken, the bill said, "when such action, combination, or collective action has a direct, substantial, and reasonably foreseeable effect on the market, supply, price, or distribution of oil, natural gas, or other petroleum product in the United States". chr/fgf/cmr

To: Taikun who wrote (30783)	4/16/2005 12:14:11 PM
From: benwood	Respond to of 110194

Speaking of talking people's minds off of negative news, or perhaps not allowing them to focus on negative news, the US drops terrorism progress report because their 300 billion effort is making things worse in spite of Bush's persistent "reports" to the contrary (delusion or lies?): seattletimes.nwsource.com