According to Reuters, the Gas Price Relief for Consumers Act of 2008 passed the House 324-84 today. The GovTrack status page for the act has yet to be updated, though—it is usually updated a day or two after action is published on THOMAS.
I commented in my previous entry, regarding overreaching and unenforceable foreign policy bills in the House.
Read this quote from the article a few times and really think about it.
The bill would subject OPEC oil producers, including Saudi Arabia, Iran and Venezuela, to the same antitrust laws that U.S. companies must follow.
How is the US going to enforce this? The US has no legal authority or ability force its laws upon other countries, other than by gunpoint diplomacy, a policy which has already harmed the US enough.
The Bush Administration, in a rare bout of intelligence, said that the bill “would likely spur retaliatory action against American interests in those countries and lead to a reduction in oil available to U.S. refiners.” This would obviously increase the price, not reduce it at all.
Fortunately, the bill still has to go through the House, where it will hopefully fail with not more than 10 minutes of debate. Clearly 324 Congresspeople are delusional and think that they can exercise their petty will against other countries’ governments.
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