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DOJ investigates oil industry collusion with OPEC by end of 2024?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcement from the U.S. Department of Justice
Story
Schumer and Senate Democrats Urge DOJ to Investigate Oil Industry Collusion with OPEC and Price-Fixing
May 30, 2024, 01:30 PM
Senate Democrats, led by Majority Leader Chuck Schumer, are urging the U.S. Department of Justice to investigate major oil companies and their trade groups for alleged collusion and price-fixing. This call for action follows a congressional probe that concluded the industry had spent decades deceiving the public about climate change. Schumer, along with 22 other Democratic Senators, emphasized the need for the DOJ to scrutinize claims that oil executives colluded with OPEC. The push for an investigation aims to address long-standing concerns about the oil industry's practices and their impact on prices and climate misinformation. The request also includes investigating an FTC claim regarding collusion.
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Charges filed • 33%
Settlement reached • 33%
Case dismissed • 34%
Yes • 50%
No • 50%
No actionable evidence found • 33%
Evidence of minor violations found • 33%
Evidence of significant collusion found • 34%
