{"id":1930,"date":"2018-11-04T18:07:31","date_gmt":"2018-11-04T18:07:31","guid":{"rendered":"http:\/\/euromenaenergy.com\/?p=1930"},"modified":"2018-11-04T18:07:31","modified_gmt":"2018-11-04T18:07:31","slug":"democrats-regaining-house-seen-raising-odds-of-anti-opec-bill-in-us","status":"publish","type":"post","link":"https:\/\/emimer.com\/?p=1930","title":{"rendered":"Democrats regaining House seen raising odds of anti-Opec bill in US"},"content":{"rendered":"<div id=\"txtwrapper\" class=\"txtwrapper\">\n<div class=\"subtitel col-lg-12\">\n<p>Bloomberg\/Washington<\/p>\n<\/div>\n<p>If the Democrats take over the US House of Representatives in this week\u2019s midterm elections, it could renew momentum in favour of legislation targeting Opec.<br \/>\n\u201cThe odds of passage are a little bit higher\u201d in the event that the Democrats take over the House in the November 6 vote, according to Glenn Schwartz, director of energy policy at the Rapidan Energy Group in Washington.<br \/>\nThey may be more inclined to use anti-Opec legislation to pressure the Trump administration over its response to the death of Jamal Khashoggi, he said, referring to the journalist killed at the Saudi consulate in Istanbul earlier this month.<br \/>\nWhile the House introduced a version of the \u201cNo Oil Producing and Exporting Cartels Act\u201d bill in May, the Senate has also revived legislation against the oil alliance. Although past presidents have threatened to use their veto power to prevent previous bills from becoming law, what\u2019s different this time around is that President Donald Trump has repeatedly attacked the Organisation of the Petroleum Exporting Countries both before after being elected.<br \/>\n\u201cOur impression is that the Democrats see Saudi Arabia as a winning game for them and they would like to keep it in the news as much as possible, with the understanding that even if they think it\u2019s not the best policy, it would box in President Trump and be watered down or killed in the Senate,\u201d Schwartz said.<br \/>\nTrump\u2019s antitrust chief has said that the administration is \u201cstill studying that legislation,\u201d in reference to NOpec. \u201cWe don\u2019t have an administration position on that,\u201d US Assistant Attorney General Makan Delrahim said after a Senate Judiciary subcommittee hearing on October 3.<br \/>\nStill, a renewed surge in oil prices could spur momentum for the NOpec bill in the post-election \u201clame-duck\u201d session, ClearView Energy Partners, a Washington-based consultancy, said earlier this month. It sees high energy prices rather than the Khashoggi affair as a more likely catalyst.<\/p>\n<\/div>\n<div class=\"socialMediad col-lg-12\">\n<div class=\"a2a_kit a2a_kit_size_32 a2a_floating_style a2a_default_style\"><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg\/Washington If the Democrats take over the US House of Representatives in this week\u2019s midterm elections, it could renew momentum in favour of legislation targeting Opec. \u201cThe odds of passage are a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1938,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[46,57,90,96,107,137,139,160,174,184,201,202,209,232,233,244,246,249,256,267,277,279,288],"class_list":["post-1930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-aramco","tag-baroudi","tag-democracy","tag-doha","tag-embargo","tag-gas","tag-gazprom","tag-international-maritime-disputes","tag-lebanon","tag-maritime-disputes","tag-offshore","tag-oil","tag-opec","tag-putin","tag-qatar","tag-rosneft","tag-roudi","tag-russia","tag-saudi","tag-straddling-hydrocarbons-reserves","tag-total","tag-trump","tag-usa"],"_links":{"self":[{"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/posts\/1930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1930"}],"version-history":[{"count":0,"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/posts\/1930\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/media\/1938"}],"wp:attachment":[{"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}