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Thursday, November 7, 2024

Sens. Paul, Cruz, McConnell, Graham Blast Senate Democrats’ Political Meddling in Oil and Gas Mergers

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U.S. Senator Rand Paul | U.S. Senator Rand Paul official website

U.S. Senator Rand Paul | U.S. Senator Rand Paul official website

WASHINGTON, D.C. – A group of Senate Republicans, including Senators Rand Paul, Ted Cruz, Mitch McConnell, and Lindsey Graham, have criticized Senate Democrats for their interference in oil and gas mergers, accusing them of political meddling. The Republican senators, along with 34 others, have raised concerns about the Democrats' actions regarding the Federal Trade Commission's (FTC) review of oil and gas industry mergers.

In a letter addressed to FTC Chairwoman Lina Khan, the GOP senators emphasized the importance of conducting a fair and unbiased review based on facts and economic realities. They expressed their disapproval of the Senate Democrats' attempt to influence the FTC's investigation with misleading claims and political motivations.

The Republican senators highlighted the potential benefits of the proposed mergers in terms of increased oil and gas production and lower costs for consumers. They criticized their Democratic counterparts for opposing the transactions, stating that the Democrats' actions could lead to higher global emissions and negatively impact American energy security.

The GOP senators concluded their letter by calling for the FTC to uphold the rule of law and due process in its review process, free from partisan pressures and political agendas. The group of senators signing the letter included a wide range of Republican members, demonstrating unified opposition to what they perceive as unwarranted interference in the oil and gas industry.

The full text of the letter can be accessed for further details on the Republicans' stance on the matter.

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