Senate Majority Leader Chuck Schumer, D-N.Y., led a group of 23 Democratic senators who wrote letters urging the Justice Department to take steps to prevent and prosecute alleged collusion and price fixing between the oil industry and the Organization of the Petroleum Exporting Countries .
HOW IT STARTED… HOW IT'S GOING: HOME, ENERGY, CAR BILLS WAY UP THANKS TO INFLATION The FTC said on May 2 that Sheffield coordinated efforts with U.S. shale producers to lower output and raise energy prices by using his influence in the industry "to align oil production across the Permian Basin in West Texas and New Mexico with OPEC+," the regulator said at the time.
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