The Bush administration uncharacteristically made it known it had tried to convince OPEC not to go ahead with planned production cuts ahead of its Mar. 31 meeting in Vienna. The snub has left the White House vulnerable to attacks by Democrats. It has also prompted irate US lawmakers to propose legislation, the NOPEC (No Oil Producing and Exporting Cartels Act of 2004), allowing Washington to prosecute Opec for anti-competitive prices. Similar bills were introduced last year, but never made it into law.
104
US and Saudis Go to the Table
Leading officials from the world's largest oil exporter and largest consumer will...
Leading officials from the world's largest oil exporter and largest consumer will face off in Washington on Apr. 27 -- less than a month after US pleas for more oil fell on deaf OPEC ears -- when Saudi Oil Minister Ali Naimi and Federal Reserve Chairman Alan Greenspan address a conference on US-Saudi relations and global energy security.
The conference, organized by the Center for Strategic and International Studies, will also feature World Bank president James Wolfensohn, Saudi Finance Minister Ibrahim al-Assaf, Saudi Aramco president and CEO Abdullah Jumah, and Guy Caruso, head of the US Energy Department's Energy Information Administration.
The Bush administration uncharacteristically made it known it had tried to convince OPEC not to go ahead with planned production cuts ahead of its Mar. 31 meeting in Vienna. The snub has left the White House vulnerable to attacks by Democrats. It has also prompted irate US lawmakers to propose legislation, the NOPEC (No Oil Producing and Exporting Cartels Act of 2004), allowing Washington to prosecute Opec for anti-competitive prices. Similar bills were introduced last year, but never made it into law.
The Bush administration uncharacteristically made it known it had tried to convince OPEC not to go ahead with planned production cuts ahead of its Mar. 31 meeting in Vienna. The snub has left the White House vulnerable to attacks by Democrats. It has also prompted irate US lawmakers to propose legislation, the NOPEC (No Oil Producing and Exporting Cartels Act of 2004), allowing Washington to prosecute Opec for anti-competitive prices. Similar bills were introduced last year, but never made it into law.
Подпишитесь
