Veren Inc VRN

The Democrat looking for witch hunt again

[Marty47]

WASHINGTON, May 30 (Reuters) - U.S. Senate Majority Leader Chuck Schumer and 22 other Democratic Senators on Thursday asked the Attorney General to investigate allegations of collusion and price fixing between the oil industry and the Organization of the Petroleum Exporting Countries (OPEC).

Earlier in May, the Federal Trade Commission gave the go-ahead $60 billion purchase of Pioneer Natural Resources, but barred former Pioneer CEO Scott Sheffield from Exxon's board on allegations he attempted to collude with OPEC to raise oil prices.

 

"These reports are alarming and lend credence to the fear that corporate avarice is keeping prices artificially high," the senators said in a letter to Attorney General Merrick Garland and his antitrust chief Jonathan Kanter.

"We therefore urge the Department of Justice to investigate the oil industry, to hold accountable any liable actors, and to end any illegal activities," the lette

r said.

Sheffield coordinated efforts with U.S. shale oil producers to constrain their output and raise energy prices, the Federal Trade Commission said on May 2.

 

[MorganEarp]

This post has been removed in accordance with Community Policy

[NobleHouse]

Gotta love that post Morg , especially about an African and his first , Ha Lady.I wouldn't dare post anything like that as l have had more than 30 posts removed , and 3 suspensions  for speaking my take on things.whats worse is my criminal record with SH only extends back to Feb 25 of this year when l joined.At least one suspension and 8 odd posts removed were due to the diaper baby of

[MorganEarp]

NobleHouse..."Diapaer baby of this board"....Just a classic lad.....I am still smilling.

[navgod]

.   What about your previous alias Countryboy69? how many suspensions under that name?LOL 

[NobleHouse]

As they say oh Godly one Up your nose with a rubber hose.Get stuffed, know what l mean.

[Citizen13]

Chuck Schumer is absolutely clueless as to how the oil market works .  Surely , if the USA wanted to collude with OPEC this strategy would be in place all the time. Surely it would have been in place during the 8 years the entire US oil industry was just about bankrupt .  But they play their stupid symbolic games that they are helping their constituents by calling out the Bogey man . I

[westcoastlogger]

Now municipalities in Canada are lining up behing the Trudy/Guilbeault types to sue big oil for climate change to pay all the bills these tax and spend morons have run their books deep into the red over. Meanwhile their garbage trucks, maintenance trucks, buses, etc all burn fossil fuels. Not to mention their Audi's and BMWs parked behind city hall. Hypocrits just like Trudy/Guilbeault.