Senate Democrats Urge DOJ to Investigate Big Oil for Collusion and Price-Fixing
TL;DR Summary
Senate Majority Leader Chuck Schumer and 22 other Democratic senators have urged the Department of Justice to investigate and prosecute alleged collusion and price-fixing in the oil industry, following an FTC investigation that suggested oil executives, including former Pioneer Natural Resources CEO Scott Sheffield, colluded with OPEC to raise crude oil prices. The Democrats argue that such actions have significantly increased energy costs for American families and businesses, and they call for an industry-wide probe under the Sherman Antitrust Act.
- Schumer, Democrats urge Justice Department to prosecute alleged oil industry collusion, price-fixing The Associated Press
- Schumer and Senate Democrats call for Justice Department to probe Big Oil for alleged collusion CNN
- Democratic senators seek probe of allegations of collusion between OPEC and oil industry Reuters
- Senate Democrats call for DOJ to probe Big Oil over price-fixing allegations The Hill
- Senate Democrats accuse oil companies of collusion with OPEC, demand DOJ investigation Fox Business
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