President Donald Trump ‘s tough words for OPEC could have some real teeth if the No Oil Producing and Exporting Cartels Act of 2018 gains momentum. The proposal, being kicked around in Congress, would allow the U.S. government to sue the oil cartel for limiting the production or distribution of oil and manipulating prices. Crude oil prices have been trending up in recent weeks as the United States prepares to impose sanctions on Iran. Trump has called on the Organization of the Petroleum Exporting Countries to increase production to push prices down. At its most recent meeting, OPEC ignored calls to increase production. A bipartisan coalition of lawmakers is considering the so-called “NOPEC” bill , claiming that Saudi Arabia, Kuwait and Nigeria are violating U.S. antitrust […]