Technology with attitude

Hillary Threatens OPEC

0

She’s talking pretty big about going after big oil…but can she really do anything about OPEC?

Politico reports:

“We’re going to go right at OPEC,” she said. “They can no longer be a cartel, a monopoly that get together once every couple of months in some conference room in some plush place in the world, they decide how much oil they’re going to produce and what price they’re going to put it at,” she told a crowd at a firehouse in Merrillville, IN.

“That’s not a market. That’s a monopoly,” she said, saying she’d use anti-trust law and the World Trade Organization to take on OPEC.

Also noted in the story, she hasn’t signed on to a bi-partisan bill that seeks to do just that, but did support a similar bill in 2007…as did Obama.

Still, it’s not clear if either of these bills really have any teeth. Sure, they’re nice gestures, but can they hold sway over the Middle East oil muscle?