Oil And Gas Once Again In U.S. Government Crosshairs ...Middle East

The U.S. Federal Trade Commission is investigating how it can crack down on oil and gas mergers and whether gas station franchises are artificially sending retail gasoline prices up, according to a letter sent to the White House seen by Bloomberg. The investigation follows the U.S. Biden Administration’s plea to OPEC to turn on the taps in an effort to rid itself of the stench of high gasoline prices at a delicate economic time for many Americans. The FTC Chair Lina Khan has directed staff to come up with new legal theories that would give…

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