The Market Ticker - On UAE's Withdrawal From OPEC
First question and the one nobody wants to ask: Why is it that our Congress has exempted “state actors” from our laws (specifically 15 USC Chapter 1) in the first place?
Oh, they did by the way, post the Arab Oil Embargo in the 1970s through FSIA (Foreign Sovereign Immunities Act) which prevents foreign actors from being attacked in US Courts for actions that bear on persons and firms in the United States.
So yes, your Congress has specifically exempted the acts of OPEC from anti-trust law. Laws that (allegedly) prevent all manner of monopolist and price-fixing practices, not that they’re ever enforced here either (e.g. health insurance and care providers, even though such were ruled (Click link to read more)
Source: https://market-ticker.org/akcs-www?post=255339
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