BP CEO Bob Dudley said OPEC plays a critical role in stabilizing world oil prices and NOPEC legislation under discussion in the House would have serious and unpredictable consequences for the world oil market.
"I think the idea of opening global litigation against the OPEC countries has enormous unpredictable, unintentional consequences," said Dudley in response to a question at the annual IHS Markit CERAWeek annual energy conference in Houston. The legislation brought up in the House Judiciary Committee was a hot topic of discussion at CERAWeek."I think reason will prevail," Dudley said.
He is probably correct....
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