US oil dumping case wins in appeals court

10/02/2000
The US Court of International Trade has ruled that the US Department of Commerce must investigate independent oil producers' complaints that four foreign nations "dumped" oil on the US market in 1998-99.In August 1999, Commerce rejected a petition by Save Domestic Oil (SDO), which alleged Saudi Arabia, Venezuela, Mexico, and Iraq released crude in the US market at unfair prices, forcing many small producers out of business when oil prices sank as low as $10/bbl.Judge Thomas Aquilino Jr., sitting in New York City, said Commerce should not have considered the opposition of larger oil companies or of Venezuela and Mexico to the SDO complaint. He ordered Commerce on Sept. 20 to investigat...
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