“We cannot allow fossil fuel companies to gouge the American public in concert with OPEC while raking in record profits,” said one watchdog, calling for congressional hearings. Consumer advocates demanded congressional hearings on alleged price fixing by oil giants on Monday after the Federal Trade Commission banned an executive from serving on the board of […]
Big oil claimed boosting fossil fuel exports would be a boon to U.S. consumers, but researchers say the “economic instability and damage to local communities and the planet created by this rapid export expansion are only now becoming clear.” In 2015, fossil fuel industry executives and lobbyists adamantly claimed that lifting a 40-year-old ban on U.S. oil exports […]
Iran rejected appeals Wednesday from other oil-producing states to curb its oil exports to try to end the plunge in world crude oil prices, instead saying it intends to increase production. Iran’s envoy to the Organization of the Petroleum Exporting Countries, Mahdi Asali, said Tehran intends to step up exports until they reach the level […]