Schumer calls for probe of Big Oil and Gas over price-fixing allegations

Justice Department should launch industry-wide investigation of oil and gas companies for any possible collusion or price fixing, Senate Majority Leader Chuck Schumer (D.N.Y.) and several other Democrats said Thursday.

Congressional Democrats have increased pressure on the oil and gas industry in recent months, criticizing the companies’ record profits and their commitment to reducing greenhouse gas emissions.

The decision came after the Federal Trade Commission said it had found evidence of price fixing involving U.S. oil executive Scott Sheffield and OPEC officials. Sheffield, former…