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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.
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