The American Petroleum Institute opposes the “NOPEC” bill, and reveals the reason

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Makirola revealed, in an interview with "Sky News Arabia"that the American Petroleum Institute opposes the bill "your nub"adding that United State "It is becoming more and more able to produce its own resources here at home".

He continued: "Therefore, there is no reason to cause a turmoil in the markets oil By passing this legislation, what we need is stability in global energy markets".

He pointed out that the NOPEC bill "It will take us back".

Macirola explained that "The United States needs to focus on policies that increase domestic oil production and provide greater certainty to the market and domestic producers".

He added: "The necessary infrastructure for transportation should also be produced energy From where they are produced to where we need them".

The Senior Vice President for Politics, Economics, and Regulatory Affairs at the American Petroleum Institute concluded his speech by saying that: "We need to create a low-cost environment to be able to do all this".

Last week, a US Senate committee passed a bill "No to oil production and export blocs"known simply as "your nub".

The law, if approved, could allow for the filing of lawsuits against oil producers in the Organization of Petroleum Exporting Countries (OPEC) and its allies, under the pretext of raising oil prices.

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Macirola revealed, in an interview with “Sky News Arabia”, that the American Petroleum Institute opposes the “NOPEC” bill, adding that United State “They are better able to produce their own resources here at home.”

He continued, “Therefore, there is no reason to cause turmoil in the markets oil the world by passing this legislation.. What we need is stability in global energy markets.”

He noted that the NOPEC bill “will take us back.”

“The United States needs to focus on policies that increase domestic oil production and provide greater certainty to the market and domestic producers,” Macirola said.

And he added, “The necessary infrastructure for transportation should also be produced.” energy From where they are produced to where we need them.”

The Senior Vice President for Politics, Economics, and Regulatory Affairs at the American Petroleum Institute concluded his speech by saying that “we have to work to provide a low-cost environment to be able to do all of this.”

And last week, a US Senate committee approved a bill “No to Oil Production and Export Blocs”, known by the acronym “NOPEC”.

The law, if approved, could allow for the filing of lawsuits against oil producers in the Organization of Petroleum Exporting Countries (OPEC) and its allies, under the pretext of raising oil prices.

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