Schumer, Democrats urge Justice Department to prosecute alleged oil industry collusion, price-fixing

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Senate Majority Leader Chuck Schumer and 22 other Democratic senators are calling on the Justice Department to prevent and prosecute alleged collusion and price-fixing in the oil industry

Senate Majority Leader Chuck Schumer and 22 other Democratic senators are calling on the Department of Justice to “use every tool” at its disposal to prevent and prosecute alleged collusion and price-fixing in the oil industry.

'' The United States is the largest crude oil producer in the world, which the oil institute called “a stabilizing force” for American consumers. White House Press Secretary Karine Jean-Pierre declined to comment on the allegation against Pioneer, but said President Joe Biden 'has made clear that any illegal collusion between big corporations is unacceptable and rips off hardworking families, including if it raises prices at the pump.

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