147
BOMBSHELL: U.S. Oil Companies Colluded to Raise Gas Prices (www.youtube.com)
submitted 7 months ago by exanime@lemmy.world to c/usa@lemmy.ml
21 comments fedilink hide all child comments

The FTC uncovered a series of texts between Pioneer Natural Resources CEO Scott Sheffield and OPEC officials agreeing to limit oil production to raise prices.

They raked in huge profits, while their scheme cost consumers $200 billion a year in higher prices.

That’s about $3000 a year per family.

you are viewing a single comment's thread
view the rest of the comments
[-] Shdwdrgn@mander.xyz 14 points 7 months ago

Seriously... If this were actual "bombshell" news it wouldn't be on a youtube channel.

[-] exanime@lemmy.world 2 points 7 months ago

It's also on plenty "mainstream" publications (listed in the sources of the vid and many others easily found online)

The vid is neat because it summarizes the whole case easily and, as you probably know, people are allergic to reading... unfortunately, it also seems they are allergic to even looking at a video now?

[-] Shdwdrgn@mander.xyz 1 points 7 months ago

Naw, I'll take an article any day over a video. If you have any links for something I can read, I'll be happy to take a look.

[-] exanime@lemmy.world 4 points 7 months ago
[-] Shdwdrgn@mander.xyz 0 points 7 months ago

Thanks for those! Read through all of them, it's definitely a big stink. Still not seeing how this is a "bombshell" report since it's been investigated since 2021, I guess the hyperbole in the YT title is part of what turned me off from believing them (kinda like all those "one trick your doctor doesn't want you to know", or the endless "free energy" BS), but it's nice to see this one was based on some factual information.

this post was submitted on 29 May 2024
147 points (97.4% liked)

United States | News & Politics

7333 readers
409 users here now

founded 4 years ago
MODERATORS
pangyuehung@lemmy.ml
yogthos@lemmy.ml