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Trump Administration Divided Over OPEC Oil Policy

Posted March 11, 2019

Under Economic Issues, International Trade Issues


(Amy Harder – Axios)

Trump administration officials are divided over legislation that would allow the federal government to sue OPEC nations for attempting to control oil prices, Axios has learned.

Driving the news: The bipartisan measure, which has been introduced many times over the last 20 years, finally has a shot at becoming law — which experts say would upend global oil markets. President Trump has long been critical of the oil-producing group and years earlier backed the bill in question, but division is rampant elsewhere across the government, according to several people familiar with the dynamic. [...]

Goldwyn, now president of his own consulting firm, says the policy has the makings of everything Trump likes, including expanded executive branch power and a chance to show off America’s energy dominance. “If he gets it, he’ll sign it. If someone asks him, he’ll say yes,” Goldwyn said. Click here to read more.

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