NOPEC Not Likely To Dent OPEC Power: Opponents

Law360, New York (June 21, 2007, 12:00 AM EDT) -- In a show of force against soaring oil prices, Democrats on Capitol Hill are pushing the controversial NOPEC bill, aimed at dismantling foreign oil cartels. But the effects of such dramatic provisions, many suspect, would barely dent the bill's chief target, OPEC.

The No Oil Producing Exporting Cartel Act of 2007 would allow the Department of Justice to take legal action against countries that collude to fix oil prices. However, many attorneys question how the DOJ would actually be able to force a foreign government to...
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