The Nigerian Senate reacted with anger toward passage in the United States Congress of a bill that would allow the American government to sue members of OPEC on grounds they were a monopoly that fixed prices. Many American legislators believe OPEC limits production and arranges prices to suit their own needs rather than allow free market factors to determine prices. A Nigerian senator accused Americans of having a “neo-colonialist” attitude” which makes them regard their interests as the only significant ones in the world.
There is scant doubt OPEC fixes prices, but that is a decision made by oil producers. America may not like their decision to fix prices, but we have no right to enforce our values or interests upon the world.