Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
Apologies if this has been linked already but nothing seems to highlight the total detacthment from reality of the US government than this!

"The House of Representatives overwhelmingly approved legislation on Tuesday allowing the Justice Department to sue OPEC members for limiting oil supplies and working together to set crude prices, but the White House threatened to veto the measure.
The bill would subject OPEC oil producers, including Saudi Arabia, Iran and Venezuela, to the same antitrust laws that U.S. companies must follow."
http://www.reuters.com/article/topNews/idUSWAT00953020080520?feedType=RSS&feedName=topNews&r pc=22&sp=true

From an international relations perspective, this beggers belief!
Firstly, you cant force someone to sell you something!
Secondly, US law is NOT global law!
Thirdly, these oil rich nations have been investing in the US....that investment would vanish overnight...sending the already weak US economy over the edge (its not as if there are other places to invest money!)

There is no chance that this law would pass, but nothing seems to serve as a better example of the arrogance and complete detachment reality that the US elite seems to have. Someone should remind them that oil is a limited reseource and that planet Earth is not run for the sole benefit of the USA!

by EvilEuropean (evileuropean@googlemail.com) on Thu May 22nd, 2008 at 07:41:49 AM EST
You don't understand.  Our politicians believe they have magical powers.  Eight years ago Junior was promising to "jaw-bone" OPEC as a means to getting more production.  A week or two ago, while pushing the gas-tax holiday, Hillary actually threatened to break up OPEC.

So this is really just average on the Washington Stupid Scale.

Be nice to America. Or we'll bring democracy to your country.

by Drew J Jones (pedobear@pennstatefootball.com) on Thu May 22nd, 2008 at 08:42:37 AM EST
[ Parent ]
Drew J Jones:
Hillary actually threatened to break up OPEC.

With what? Her pantsuit?

It would be like McCain promising to put the ay-rabs in their place with his Magic Smile of Doom.

So this is really just average on the Washington Stupid Scale

Which, unfortunately, seems to be calibrated in powers of ten.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu May 22nd, 2008 at 09:01:17 AM EST
[ Parent ]
With what? Her pantsuit?

No.  Remember she's a big gun-nut now.  Annie Oakley in a pant suit.  And, really, if Obama can't bowl higher than a 37, how can we trust him to stand up to OPEC?

Which, unfortunately, seems to be calibrated in powers of ten.

On a good day.

Be nice to America. Or we'll bring democracy to your country.

by Drew J Jones (pedobear@pennstatefootball.com) on Thu May 22nd, 2008 at 09:16:25 AM EST
[ Parent ]
The DailyKos version of this story incorporated that Congress story: Countdown to $200 oil (6) - Oil jumps $10 in a day and Congress ... wants to sue OPEC?

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Thu May 22nd, 2008 at 08:57:45 AM EST
[ Parent ]

Display:

Occasional Series