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Biden asks FTC to redouble probe of possible ‘illegal conduct’ by oil, gas companies -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: Selections on the fuel pump together with ethanol or no ethanol fuel are seen in Des Moines, Iowa, U.S., January 29, 2020. REUTERS/Brian Snyder

WASHINGTON (Reuters) – U.S. President Joe Biden on Wednesday mentioned there was mounting proof of anti-consumer conduct by oil and fuel corporations and requested the Federal Commerce Fee to dig deeper into attainable anti-competitive or “unlawful conduct” out there.

Biden in August already requested the FTC to research attainable unlawful conduct inflicting the spike in fuel costs, however mentioned additional motion was wanted since costs had continued to rise on the pump.

“I don’t settle for hard-working People paying extra for fuel due to anti-competitive or in any other case doubtlessly unlawful conduct,” Biden mentioned in a letter to FTC Chair Lina Khan on Wednesday. “I subsequently ask that the Fee additional look at what is occurring with oil and fuel markets, and that you just convey the entire Fee’s instruments to bear for those who uncover any wrongdoing.”

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