I’m sure this one has OPEC shaking in it’s sandals:
A Miami lawyer is suing OPEC over the skyrocketing price of oil.
Attorney Larry Klayman claims in the lawsuit filed Monday that the Organization of Petroleum Exporting Countries is violating U.S. antitrust laws by fixing oil prices. Klayman wants a Miami federal judge to stop that from happening.
Klayman says oil prices are artificially high because of OPEC, a 13-member organization based in Austria. The lawsuit claims OPEC is operating a conspiracy aimed at causing economic harm in the U.S. and other western nations.
Yea, this one will get far.
H/T: Wizbang
June 10th, 2008 at 1:48 pm
Agreed. Ridiculous.
Gas/Oil companies have higher “profits” than most because of the demand for fuel, but the margin is not that big.
For example, Exxon’s profit margin (11.2) is less that that of GE(13.1), Disney(11.6), and Apple(15.4).
Are we going to tax their “windfall profits” too?
June 10th, 2008 at 2:52 pm
What? They’re going to allow that into court?
June 10th, 2008 at 7:01 pm
FWIW, this is Larry Klayman, better known as Judicial Watch. He might be, okay, he *is* out there, but he’s not an idiot. This lawsuit isn’t going to amount to anything, of course, but don’t confuse him with a complete kook (like, say, his fellow FL lawyer Jack Thompson).
June 10th, 2008 at 7:03 pm
Larry Klayman = Judicial Watch = Complete Kook.
Works for me.