Ahead of an April 3 White House meeting between President Trump and American oil executives, Securing America’s Future Energy (SAFE) released an issue brief calling on policymakers to reiterate the United States’ commitment to free and fair markets—with passing the No Oil Producing and Exporting Cartels Act (NOPEC) as a strong first step.
The issue brief, “NOPEC: Providing A Tool To Counter The OPEC Cartel,” makes the case that the United States is the key beneficiary when markets are transparent, and suffers the most when markets—such as the global oil market—are opaque, manipulated and unfair. Before becoming President, Donald Trump called for NOPEC’s enactment in his 2011 book “Time to Get Tough.”
