Schumer and Senate Democrats call for Justice Department to probe Big Oil for alleged collusion
CNN
Senate Majority Leader Chuck Schumer and nearly two dozen Democrats pressed the Justice Department on Thursday to launch an industry-wide investigation into Big Oil for alleged collusion and price fixing.
Senate Majority Leader Chuck Schumer and nearly two dozen Democrats pressed the Justice Department on Thursday to launch an industry-wide investigation into Big Oil for alleged collusion and price fixing. In a letter to Attorney General Merrick Garland, Schumer and his colleagues expressed “serious concern” about “alarming” allegations from federal regulators that a Texas oil tycoon tried to conspire with OPEC to inflate oil and gasoline prices. “The federal government must use every tool to prevent and prosecute collusion and price fixing that may have increased gasoline, diesel fuel, heating oil and jet fuel costs in a way that has materially harmed virtually every American household and business,” the letter from Senate Democrats said. The lawmakers urged the DOJ to investigate the oil industry, “hold accountable any liable actors” and halt illegal activity. The letter, led by Schumer, was signed by 22 other senators, including Sens. Elizabeth Warren, Amy Klobuchar, Bernie Sanders and Dick Durbin. The letter shows how Democrats are stepping up pressure on Big Oil following bombshell accusations earlier this month by the Federal Trade Commission against Scott Sheffield, the longtime CEO of a leading Texas oil producer.
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