U.S. Senators Unveil Plan to Rein in Big Oil, OPEC

Six U.S. senators on Thursday backed legislation that could spur more federal scrutiny of future mergers between oil companies, and trigger a possible price-fixing lawsuit against the OPEC oil cartel.

Meanwhile, 52 Democratic lawmakers asked the White House to hold a bipartisan “energy summit” to talk about securing future U.S. energy supplies as U.S. oil prices neared $70 a barrel and gasoline pump prices march closer to $3 a gallon in advance of the busy summer driving season.
Reuters