American Association of Petroleum Geologists (AAPG)
Saudi Arabia is reportedly considering a move away from the U.S. dollar in pricing its international crude shipments. That sounds like surprising news, but it’s actually part of a story that’s played out for almost 20 years. Now this story has a new twist. Actually, several twists. The issue is NOPEC, the No Oil Producing and Exporting Cartels Act – proposed legislation that has kicked around the U.S. Congress for a couple of decades.
NOPEC Proposal Gets New Steam