"It shall be illegal and a violation of this Act," declared the House
of Representatives, "to limit the production or distribution of oil,
natural gas, or any other petroleum product"¦ or to otherwise take any
action in restraint of trade for oil, natural gas, or any petroleum
product when such action, combination, or collective action has a
direct, substantial, and reasonably foreseeable effect on the market,
supply, price, or distribution of oil, natural gas, or other petroleum
product in the United States."
Well, OPEC nations may or may not be in violation of this law. My guess is that if incompetence and general third-world type fraud is actionable, then they are guilty. It may be tougher to prove outright conspiracy.
BUT, there is one nation that has, right there on the public record, clear government legislation that substantially limits development of some of the largest potential new oil reserves in the US. That country is the United States, and by passage of this law, the entire Congress has made itself outlaws.