147
submitted 7 months ago by exanime@lemmy.world to c/usa@lemmy.ml

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! 😡

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

With blackjack and hookers!

load more comments (1 replies)
load more comments (1 replies)
this post was submitted on 29 May 2024
147 points (97.4% liked)

United States | News & Politics

7328 readers
171 users here now

founded 4 years ago
MODERATORS