Not a simple case of giving $50b

Central banks have been undone in the past by doing governments’ bidding, as in India now | he US Department of Justice is formally reviewing antitrust legislation aimed at reining in Opec’s power over oil markets, according to a department official. While the study is ongoing, there is an understanding that the grouping’s efforts to affect crude prices through production quotas has raised costs for American consumers, the official said.

That’s traditionally the type of conduct the Justice Department would frown upon, the person said.

Bipartisan, anti-Opec bills have been introduced in both the US House and Senate, though neither chamber has voted on the measures yet. The House Judiciary Committee in June approved the “No Oil Producing and Exporting Cartels Act”, or Nopec bill, which would give the US attorney-general the authority to file a suit against Opec for trying to control oil production or to affect crude prices.

It would amend the Sherman