API CEO NOPEC Letter
On August 22, 2018, the American Petroleum Institute (API) sent a letter to the Chairman and Ranking Members of the House and Senate Judiciary Committees opposing House and Senate NOPEC legislation (H.R. 5904 and S. 3214), No Oil Producing and Exporting Cartels (NOPEC) Acts of 2018, currently under consideration by these committees. Industry sees these bills as creating significant detrimental exposure to US diplomatic, military and business interests while having limited impact on the market concerns driving the legislation.
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