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Outcome of Big Oil Price Fixing Investigation by 2024
5
Resolution / Starting Odds
No evidence found • 33%
Evidence of price fixing found • 33%
Inconclusive results • 34%
Official reports or statements from the House investigation
Story
House Democrats Investigate Big Oil for Price Fixing, Collusion with OPEC, and Suppressing Climate Science
May 22, 2024, 04:48 PM
House Democrats have launched an investigation into whether major oil companies colluded with OPEC to inflate gas prices and engage in price fixing. This probe comes amid rising concerns over gas prices, which have become a significant political issue ahead of upcoming elections. The investigation also follows a recent announcement that the U.S. gas reserve would be sold off as required by law. Additionally, top Congressional Democrats are urging the Justice Department to investigate the fossil fuel industry's role in suppressing climate science. They argue that Big Oil has spent decades sowing doubt about the climate crisis, endangering millions of lives. Democrats also held a briefing on allegations that oil companies suppressed climate science.
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No actionable evidence found • 33%
Evidence of minor violations found • 33%
Evidence of significant collusion found • 34%
No evidence found • 33%
Inconclusive evidence • 34%
Conclusive evidence found • 33%
Charges filed • 33%
Settlement reached • 33%
Case dismissed • 34%
No investigation launched • 33%
Investigation launched, no charges • 33%
Investigation launched, charges filed • 33%
No violations found • 33%
Minor violations found • 33%
Major violations found • 34%
No action taken • 33%
Fines imposed • 33%
Criminal charges filed • 34%
No action taken • 33%
Fines imposed • 33%
Civil penalties imposed • 34%
No significant action • 33%
Recommendations for sanctions • 33%
Formal charges against involved individuals • 34%
Increase • 33%
Decrease • 33%
No significant change • 34%
No significant action • 33%
Policy changes • 33%
Personnel changes • 33%