You caught this man colluding. You caught this man conspiring to collude with other companies, with opec, and this was his plan. Because Oil prices were dropping during the pandemic, he wanted to prop up oil prices by reducing output, reducing output by American oil producers, reducing output by international oil producers. In fact, according to the FTC's complaint, by the way, you did file a complaint May 2nd. And Mr. Chairman, I ask unanimous consent to enter this complaint into the record. (00:50–01:06)
CLAIM
Asserts that the executive's plan was to reduce oil output to increase prices.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
