Hi,

When Pioneer Natural Resources, the largest oil company in Texas, tried to pull off a fossil fuel mega-merger with ExxonMobil, the Federal Trade Commission discovered evidence that Pioneer was illegally colluding with OPEC, the oil cartel, to keep gas prices high.1

Now, Senate Democrats are urging the Department of Justice (DOJ) to investigate Pioneer for fossil fuel price collusion.2 The DOJ should extend its investigation into any and all fossil fuel corporations engaging in illegal behavior to jack up gas prices.

Sign the petition: Investigate and prosecute Big Oil!

U.S. oil producers are explicitly prohibited by federal law from price fixing and from taking actions that restrict competition. But the reality is that corporate executives at Big Oil, Big Pharma, health insurance companies, Big Tech, and supermarket chains are always looking for ways to increase profits at the expense of consumers — sometimes, they even break the law.

"These reports are alarming," said the group of Senate Democrats in their letter to the DOJ, "and lend credence to the fear that corporate avarice is keeping prices artificially high."3

From lying about climate change for decades and allegedly manipulating prices, Big Oil must be held accountable.

Sign the petition: Urge the DOJ to hold Big Oil accountable!

Thanks for taking action,

Joey and the team at Demand Progress

Sources:

  1. Federal Trade Commission, “FTC Order Bans Former Pioneer CEO from Exxon Board Seat in Exxon-Pioneer Deal,” May 2, 2024.
  2. Reuters, “Democratic senators seek probe of allegations of collusion between OPEC and oil industry,” May 31, 2024.
  3. Ibid.

 

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