Watching Government: SDO's second shot

10/16/2000
After a year's delay, Save Domestic Oil (SDO) expects the US Department of Commerce to fully consider its complaint that four other nations "dumped" oil on the US market in 1998-99.The US Court of International Trade, New York City, recently ruled that Commerce must consider the SDO petition, which it had rejected in August 1999 (OGJ, Oct. 2, 2000, p. 42).SDO-representing a group of independent oil producers-had alleged that Saudi Arabia, Venezuela, Mexico, and Iraq had sold crude at unfair prices in late 1998 and early 1999.The four nations provided more than half of US oil imports during that period. US oil prices plunged to about $10/bbl, driving some small producers out of busines...
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