I haven't seen this posted in the diaries yet, so here's the AP version:
Boies: BP, Exxon Mobil Acted 'Collusively' to Eliminate Competition
Matt Volz
The Associated Press
12-21-2005
An antitrust lawsuit filed against Exxon Mobil Corp. and BP PLC claims the two oil giants are restricting the nation's supply of natural gas and keeping prices at record highs.
The lawsuit, filed Monday in U.S. District Court in Fairbanks, Alaska, says the two companies acted together to eliminate competition for the exploration, development and marketing of natural gas from Alaska's North Slope to U.S. markets.
"The only reason for them to collusively not to sell is to try to continue the scarcity that has driven natural gas prices to historic highs," said David Boies, the attorney for the Alaska Gasline Port Authority, which filed the lawsuit.
[...]
You can read the rest here (or just about anywhere else).
Disclosure: I work for Boies's law firm.
Update: Senator Cantwell, who sits on the Energy Committee, weighs in.