Visit SAFE’s NOPEC page HERE.
In advance of President Biden’s scheduled trip to the Middle East, SAFE hosted a press call with Senator Chuck Grassley (R-IA), Congressmen David Cicilline (D-RI) and Steve Chabot (R-OH), SAFE Chairman Admiral (ret.) Dennis Blair, and SAFE CEO Robbie Diamond to discuss measures to stabilize global petroleum markets and lower gas prices. The participants commented on the importance of passing the No Oil Producing and Exploiting Cartels Act (NOPEC), which would remove the loophole to U.S. anti-trust law currently exploited by Saudi Arabia, other OPEC members and affiliates like Russia.
Watch the highlights below.