The Federal Trade Commission (FTC), led by Commissioner Slaughter, has accused Exxon Mobil and other oil companies of colluding to price gouge consumers, as part of a broader investigation into oil price manipulations that has called for extended HSR timelines. In related developments, a federal judge in Nevada is being asked by plaintiffs in an antitrust class action to compel Pioneer Natural Resources to release communications involving its former CEO Scott Sheffield, which were previously shared with the FTC. This request follows the FTC's approval of Exxon Mobil's $64 billion acquisition of Pioneer. The controversy has sparked significant market responses and discussions about the role of antitrust in regulating industry practices.
The FTC Smears Scott Sheffield - WSJ Lina Khan’s agency trashes an oil executive on dubious evidence.
NEW: @mattyglesias & other "permitting reform” advocates say regulations preclude “energy abundance” at expense of consumers, but FTC’s revelation of an oil price-fixing scheme places blame where it belongs: on the profit-maximizing fossil fuel industry.🧵 https://t.co/h0xxxWltFa
Consumers asked a federal judge in Nevada to force Pioneer Natural Resources to hand over communications involving its embattled former CEO Scott Sheffield that it gave to the FTC. The FTC last week approved Exxon Mobil’s $64 billion purchase of Pioneer https://t.co/BJ1U0NhGNG https://t.co/T7x0g7viZI
The Biden FTC and Lina Khan are at it again! Using the heavy hand of antitrust to accomplish a far left political agenda. A GREAT piece in @WSJopinion today: "This case is a nasty smear, and it’s a new low for the Khan FTC. But unchecked regulatory power—amplified and…
How dare Lina Khan smear oil CEO Scott Sheffield by believing his claims that he was colluding to raise oil prices?!? https://t.co/CzyCgOs51Z
Plaintiffs in an antitrust class action over oil prices have asked a federal judge in Nevada to force Pioneer Natural Resources to hand over communications involving its embattled former CEO Scott Sheffield that it gave to the FTC https://t.co/BJ1U0Nh8Y8 @MikeScarcella https://t.co/HLkPP3dF0p
Energy Antitrust Weekly: FTC Commissioner Slaughter Uses Pioneer Investigation to Call for Extended HSR Timelines; FTC Complaint vs. Exxon/Pioneer Leads to Significant Market Response h/t @SharonKellyEsq & @jaarbutus https://t.co/r2uWujVHn9
Not only have oil executives colluded to raise prices for consumers, they have also blatantly attempted to steer our elections and government toward their dirty agenda for profit. We need to hold Big Oil accountable for their lies, corruption, manipulation, and price-gouging. https://t.co/iV0mJXj4SR
The FTC has alleged that Exxon and other oil companies collided to price gouge Americans at the pump. Follow: @AFpost