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
[-] atzanteol@sh.itjust.works 31 points 7 months ago

Well... OPEC is literally a cartel created to do exactly that.

[-] blusterydayve26@midwest.social 13 points 7 months ago

Yes, but this is American Cartels. We can have them, too, and ours are better! 😡

[-] Sgt_choke_n_stroke@lemmy.world 15 points 7 months ago

Oligarchs come from the beet patches of Russia, otherwise it's sparkling billionaires

[-] Syntopicon@sh.itjust.works 5 points 7 months ago

With blackjack and hookers!

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

United States | News & Politics

7333 readers
412 users here now

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