Senate Democrats Call for DOJ Probe into Oil Industry Price-Fixing
Lawmakers urge investigation following FTC findings of collusion with OPEC, impacting fuel costs for Americans.
- Senate Democrats request DOJ investigate alleged collusion and price-fixing in the oil industry.
- FTC uncovered evidence of Pioneer Natural Resources' former CEO colluding with OPEC to raise oil prices.
- Alleged collusion may have cost American households up to $500 per car annually in fuel costs.
- Oil companies earned over $300 billion in profits in two years, raising concerns of corporate profiteering.
- Calls for DOJ action to protect consumers and ensure accountability for potential violations of antitrust laws.