The bill H.R. 9118 aims to cancel federal oil and gas leases held by companies that manipulate market prices in collaboration with OPEC or OPEC+ countries, breaking certain U.S. laws like the Sherman Act. If the Federal Trade Commission finds a company guilty of this, the...
The bill says if a company cheats by teaming up with certain countries to mess with oil and gas prices, they could lose their right to work on U.S. government land to get oil and gas.
S. 4786 proposes that if the Federal Trade Commission finds a person or company with a federal oil and gas lease has worked with certain countries to illegally manipulate oil or gas prices, the Secretary of the Interior must cancel their leases and prevent them from renewing...
If a company in the United States has land from the government to get oil or gas, and it gets caught teaming up with other countries to cheat by changing prices unfairly, the government will take away their land and not let them get more in the future.
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