Energy Market Manipulation News

Oklahoma AG Launches Investigation into Energy Market Manipulation During Winter Storms

The Oklahoma attorney general has announced an investigation into potential energy market manipulation following the 2021 winter storm that caused widespread power outages in the state. The attorney general stated that the oil and gas industry is not to blame but revealed that many companies used the storm to make billions of dollars in ill-gotten gains. The investigation will involve outside counsel, and the attorney general expects a significant and costly lawsuit to result from the findings. The storm caused record-breaking cold and over $200 billion in damages.