Anas Al-Hajji, the editor of the Energy Platform, described the approval of the No-OPEC bill, by a US Senate committee by a vote of 17 members to 4, as a “routine repetition”, saying that the matter has been repeated for 22 years, and it did not pass through Congress. Only twice.
The bill, which was approved by a US Senate committee, sparked a wave of controversy globally, as it allows for the initiation of lawsuits against oil producers in the Organization of Petroleum Exporting Countries and its allies, under the pretext of raising oil prices.
The committee approved the bill directed against OPEC, which at the present time needs to be approved by the two branches of Congress (senators and representatives), before it is signed by US President Joe Biden, to become a law in force.
Some American oil companies, and other American official bodies, believe that the No-OPEC bill will greatly affect the economic interests of the United States, as it will have a negative impact on America’s relations with major oil-producing countries around the world.
No to OPEC and the Biden administration
Anas Al-Hajji, the editor of the Energy Platform, said in his interview with “Sky News Arabia”, that the bill has nothing to do with US President Joe Biden directly, adding: “We must remember that those who originally proposed the project were Republicans.”
Al-Hajji added: “When the project started in 2000, it was intended to support ethanol, and not what we see now, and it is currently expected that the project will be voted on by a majority, and therefore whether President Biden signs, or does not sign – if there is a two-thirds majority in Congress and the House of Representatives. Elders-, it will become a law, as it did with the JASTA law.”
And he continued, “The JASTA law was not approved by former President Barack Obama, but it was issued, and it has become present on the shelf without teeth, and it is expected that the No-OPEC law will also turn into a toothless law, and it will be put on the shelf, because if the US Department of Justice does not conduct investigations, Then file lawsuits, the law will remain inactive, and that’s probably what will happen.”
OPEC and American interests
The Energy Liberalization Adviser said that everyone has seen during the past 160 years that the oil markets need to be managed, and therefore what OPEC has done is important. – by cutting production to raise prices, and now the United States wants to sue the same countries; Because it reduced production and raised prices.
Regarding the White House’s statements regarding “unintended” repercussions that the legislation may lead to OPEC, Anas Al-Hajji explained that “even if the law is adopted, and even if the US Department of Justice conducts investigations, and even if the OPEC countries are prosecuted, there will be major legal problems, because it will be It has to define and define the market.”
He added, “We do not know what they mean by the market, do they mean only imports to the United States, or the global market in general, and we also do not know who will be prosecuted, whether they will prosecute the state, its leader, or the state’s national oil companies? All of these things take a long time.”
He explained that if the OPEC countries feel danger, they will take several measures, including prosecuting foreign companies on their soil, for example, we find that Apple’s share in Saudi Arabia is monopolistic, and then the Kingdom will be able to try it on this matter by adopting the same law, meaning that other countries You can treat the United States reciprocally.
And he continued, “In the end, if the law of no to OPEC is applied, and if the OPEC countries are governed, there will be a significant rise in energy prices around the world, and the first affected will be the American consumer, whom some of them claim to protect.”
targeting in favor of the Americans
For his part, US Representative Warren Davidson responded to a question about the targeting of the No-OPEC law for oil-exporting countries in favor of the American domestic consumer, saying that President Joe Biden is always trying to avoid the bad repercussions of his bad energy policies, and the No-OPEC law will try to impose some sanctions, for example. Some things for OPEC would be illegal in the United States.
And he added in his intervention via Sky News: “If we talk about competitiveness and the imposition of American law internationally, instead of saying that Biden’s policy undermines the policy of American oil production, and he did not even negotiate with the Kingdom of Saudi Arabia, while he was trying to reach an agreement with Iran, which is something inactive”.
The member of the US House of Representatives suggested that the No-OPEC bill would have sufficient support from Congress to become a law that could be implemented, adding that the American people might try to impose a specific reality, especially since OPEC, after recovering from the Corona pandemic, decided to maintain the production ceiling, which led to major repercussions.
He continued, “At that time, oil prices fell, which led to a near collapse in the markets, and we saw the repercussions of excess production, and we always see some problems when production is reduced … and the United States does not want these games, it wants a competitive market.”
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