Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search


(2,969 posts)
Wed May 22, 2024, 07:54 AM May 22

House Democrats investigate whether Big Oil colluded with OPEC to inflate gas prices

Congressional Democrats are investigating whether leading US oil companies have illegally colluded with one another and with OPEC to inflate prices at the pump, CNN has learned.

Rep. Frank Pallone Jr., the ranking member of the House Committee on Energy and Commerce, sent a letter Tuesday night to ExxonMobil, Chevron, Hess, BP America and three other fossil fuel companies demanding a trove of documents and communications.

“If US oil companies are colluding with each other and foreign cartels to manipulate global oil markets and harm American consumers who then pay more at the pump, Congress and the American people deserve to know,” Pallone, a New Jersey Democrat, wrote in a letter to oil CEOs. The companies have until June 5 to respond to the committee.

The investigation comes after a stunning accusation from federal regulators against Scott Sheffield, the longtime CEO of a leading Texas producer. The Federal Trade Commission earlier this month accused Sheffield, the founder of Pioneer Natural Resources, of conspiring with OPEC and its allies to boost prices.

More at https://www.weny.com/story/50816818/house-democrats-investigate-whether-big-oil-colluded-with-opec-to-inflate-gas-prices

5 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
House Democrats investigate whether Big Oil colluded with OPEC to inflate gas prices (Original Post) Just_Vote_Dem May 22 OP
Now that's an investigation that matters............................. Lovie777 May 22 #1
Gee whiz, I wonder what they'll find??? Think. Again. May 22 #2
i wonder if that went back to 1976 AllaN01Bear May 22 #3
Ah yes, the old inflate prices and blame the president trick IronLionZion May 22 #4
Big Money, Big Oil, and Big Fascism colluding to fuck shit up? John Shaft May 22 #5


(13,347 posts)
1. Now that's an investigation that matters.............................
Wed May 22, 2024, 07:56 AM
May 22

Democrats as usual care, not so much from the GQP.


(46,020 posts)
4. Ah yes, the old inflate prices and blame the president trick
Wed May 22, 2024, 12:41 PM
May 22

A disturbing number of Americans believe the president controls gas prices instead of oil companies and OPEC.

Many companies have decided high prices are good for profits and don't have any down sides. So no point investing in refineries if people are dumb enough to think Biden is stopping them from drilling and building pipelines. And they love memes using the straw man of electric cars. Because transit would be socialism.

Latest Discussions»General Discussion»House Democrats investiga...