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The Natural Law Basis Of Legal Obligation: International Antitrust And Opec In Context, Joel B. Moore
The Natural Law Basis Of Legal Obligation: International Antitrust And Opec In Context, Joel B. Moore
Vanderbilt Journal of Transnational Law
The Organization of the Petroleum Exporting Countries (OPEC) stabilizes petroleum prices to promote the economic prosperity of its member nations for which oil is a substantial export. Price stabilization influences the price of petroleum around the world, impacting the economies of developed and developing countries. Under U.S. antitrust jurisprudence, the OPEC quota agreements that stabilize prices would likely be declared illegal, and other countries might also declare price fixing to be illegal under their respective competition laws.
Several U.S. Senators have recently proposed that price fixing should be illegal under international law as well. This Note avoids a superficial analysis …