A group of House Democrats have called on the Department of Justice to launch a probe into the oil industry, accusing the two largest U.S. energy companies of a conspiracy to keep fuel prices high.
In a letter sent to the Department of Justice by Rep. Jerrold Nadler and signed by nine more House members, the group claimed that the record profits that Exxon and Chevron reported last year were proof they were conspiring against Americans by keeping fuel prices high.
“By any measure, these are good times for oil companies in the United States. Last year, the two largest U.S. oil companies, Exxon Mobil Corp. (“Exxon”) and Chevron Corp. (“Chevron”), both earned their biggest annual profits in a decade,” the House Democrats wrote.
“But apparently, instead of passing those profits through to consumers in the form of cheaper products, the oil giants have been lining their own pockets while conspiring to keep prices high.”
