Ethics Group Pushes For Natural Gas Price-Fixing Probe

Law360, New York (June 5, 2012, 9:04 PM EDT) -- A good-government group on Tuesday called for a federal investigation into whether major U.S. gas producers, including Chesapeake Energy Inc. and ConocoPhillips, are illegally conspiring to slash production in an effort to boost low prices.

Citizens for Responsibility and Ethics in Washington asked antitrust regulators at the U.S. Department of Justice to look into possible price-fixing allegations in a letter released Tuesday. Natural gas prices have ticked up slightly from 10-year lows earlier this spring, during which time both Chesapeake and ConocoPhillips have shuttered wells and...
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