U.S. CONGRESSMAN Steve Chabot 1st DISTRICT OF OHIO
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STEVE IN THE NEWS

 

U.S. closer to suing OPEC nations over price-fixing
The Cincinnati Enquirer

May 23, 2007

WASHINGTON - The House on Tuesday passed legislation that paves the way for the U.S. to sue member nations of the Organization of the Petroleum Exporting Countries (OPEC) for price-fixing and other anti-competitive practices.

Rep. Steve Chabot, a Westwood Republican and a co-sponsor of the bill, lashed out at OPEC for the high gas prices that have risen to more than $3 in some places.

"In essence, what they are up to is price fixing," Chabot said. "They're colluding to reduce the world's supply of oil and thus drive up the price."

Read the full story by Malia Rulon at The Cincinnati Enquirer

 

 

 

 

 

 

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