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Democrats Demand Hearing on Alleged Oil Industry Collusion Amid Rising Gas Prices, Citing FTC Investigation Findings.

The top Democrat on the House Energy and Commerce Committee, Frank Pallone, has requested a hearing on allegations of illegal coordination by oil majors to raise gas prices. The request was made in a letter from Pallone to Chair Cathy McMorris Rodgers, who cited a Federal Trade Commission investigation suggesting that former CEO of Pioneer Natural Resources, Scott Sheffield, may have colluded with OPEC countries and other oil companies to set crude prices. This is part of a trend of Democrats blaming higher gas prices on the actions of the fossil fuel industry, not environmental policies, as Republicans claim.

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