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Time for Congress to Lift OPEC's Immunity

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Publication Date: May 2007

Publisher(s): Heritage Foundation (Washington, D.C.)

Author(s): Ariel Cohen

Series: WebMemo

Topic: Energy (Petroleum industry)

Keywords: Energy and environment; cartel; OPEC; nopec

Type: Brief

Coverage: United States

Abstract:

At a time when oil prices are climbing to ever-higher levels, fighting OPEC's anticompetitive practices would be a welcome first step towards reestablishing the free market in this strategically important sector.