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pmc

Major
Registered Member
Maikeru said:
Even more interesting is that energy-rich Qatar and UAE voted against. I do sense that USAs influence in the Gulf region is waning.
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US still has much influence as long as it elect leaders more favorable to there interests and they are atleast some competent.
why do you think France has locked horns with Germany because France wats to build 5G fighter and other products in Europe that it can potentially sell to Arabs. similar with Nuclear plants.
while Germany is wasting time on all other issues. If this thing continue France will keep kicking Germany backside inside Europa.


https://twitter.com/i/web/status/1578022916608131072
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“Bloomberg”: The “Berlin-Paris” alliance has begun to collapse​

 
vincent

vincent

Grumpy Old Man
Staff member
Moderator - World Affairs
escobar said:
Potential rupture in US-OPEC relations. US political system views OPEC’s actions as a “declaration of economic and diplomatic war” that merits legislation to (among other things) “seize assets” as a penalty.
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U.S. lawmakers are pushing bills that aim to break up the cartel; charge it in front of the World Trade Organization; or even seize assets its members own in the U.S.
...
Looming even larger in Congress, analysts and lobbyists said, is pending legislation called the No Oil Producing and Exporting Cartels Act, or NOPEC. Debated now for more than two decades but never passed, the bill would allow the Justice Department to sue members of OPEC for antitrust violations.

Current U.S. law prohibits sovereign governments from being sued without their consent. But under NOPEC, the Justice Department could sue OPEC members—national governments that own and control oil companies—for price fixing in U.S. courts under the Sherman Act, and then seize foreign-owned property in the U.S. to pay for any resulting damages.
 
S

sndef888

Senior Member
Registered Member
vincent said:
U.S. lawmakers are pushing bills that aim to break up the cartel; charge it in front of the World Trade Organization; or even seize assets its members own in the U.S.
...
Looming even larger in Congress, analysts and lobbyists said, is pending legislation called the No Oil Producing and Exporting Cartels Act, or NOPEC. Debated now for more than two decades but never passed, the bill would allow the Justice Department to sue members of OPEC for antitrust violations.

Current U.S. law prohibits sovereign governments from being sued without their consent. But under NOPEC, the Justice Department could sue OPEC members—national governments that own and control oil companies—for price fixing in U.S. courts under the Sherman Act, and then seize foreign-owned property in the U.S. to pay for any resulting damages.
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Damn, I would love to see this happen. Destroy their relations with OPEC and ensure no one trusts putting capital in the US ever again.
 
coolgod

coolgod

Major
Registered Member
sndef888 said:
Biggest pleasant surprise here for me is Indonesia. Great respect for them voting no and not abstain despite great pressure from the US
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If Indonesia abstained it's gonna be pretty awkward meeting Xi at G20 then taking the newly built high-speed rail together and posing for photo-ops. The application to join BRICS might also get delayed a bit.

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Argentina abstaining on the other hand...
 
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