{"id":9524,"date":"2022-10-07T10:15:49","date_gmt":"2022-10-07T04:45:49","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=9524"},"modified":"2025-03-29T13:52:02","modified_gmt":"2025-03-29T08:22:02","slug":"no-oil-producing-and-exporting-cartels-nopec-bill","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/no-oil-producing-and-exporting-cartels-nopec-bill\/","title":{"rendered":"No Oil Producing and Exporting Cartels (NOPEC) bill"},"content":{"rendered":"<h2><strong>About:<\/strong><\/h2>\n<ul>\n<li>NOPEC bill, which passed a Senate committee 17-4 on May 5, is intended to\u00a0<strong>protect U.S. consumers and businesses from engineered oil spikes.<\/strong><\/li>\n<li>The bipartisan NOPEC bill would\u00a0<strong>tweak U.S. antitrust law to revoke the sovereign immunity\u00a0<\/strong>that has protected OPEC+ members and their national oil companies from lawsuits.<\/li>\n<li>If signed into law, the\u00a0<strong>S. attorney general<\/strong>\u00a0would gain the option to sue the oil cartel or its members, such as Saudi Arabia, in federal court.<\/li>\n<li>It is unclear exactly how a federal court could\u00a0<strong>enforce judicial antitrust decisions against a foreign nation.<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><strong>Source :\u00a0<\/strong><a href=\"https:\/\/indianexpress.com\/article\/explained\/explained-global\/what-is-nopec-the-u-s-bill-to-pressure-the-opec-oil-group-8193400\/\" target=\"_blank\" rel=\"nofollow noopener\">Indian Express<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The No Oil Producing and Exporting Cartels Act (NOPEC) was a U.S. Congressional bill known as H.R. 2264<\/p>\n","protected":false},"author":5,"featured_media":9525,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-9524","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/9524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=9524"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/9524\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/9525"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=9524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=9524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=9524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}