Mark Pocan: “Last year, the FTC uncovered in the Proposed merger between…”

“As well, without objection. Thank you very much. Okay, so hopefully we can get two more subjects at two. I'm going to do as fast as I can. I apologize. Last year, the FTC uncovered in the Proposed merger between Exxon Mobil and Pioneer Natural Resources. Pioneer CEO Scott Sheffield conspired with a foreign entity, opec, to raise gas prices for Americans. This price fixing likely cost consumers 2,000 to $4,000, it's been estimated. In 2021, after learning of this illegal scheme, the FTC allowed the Exxon Pioneer merger, but prohibited Sheffield from serving on the board or advising the new company in any way.” (02:22–02:35)

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