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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.

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[-] fox2263@lemmy.world 64 points 7 months ago

But the sticker told me it was Biden

[-] umbrella@lemmy.ml 4 points 7 months ago* (last edited 7 months ago)

presidents are mostly just figureheads

[-] DevCat@lemmy.world 55 points 7 months ago

Shocked! Shocked, I tell you. /s

[-] 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.

[-] 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!

[-] Philharmonic3@lemmy.world 18 points 7 months ago

Soo when do they pay us back?

[-] Kanda@reddthat.com 4 points 7 months ago

Of course they did, and they've been doing something similar for decades

[-] Delusional@lemmy.world 1 points 7 months ago

And other companies are doing the same while paying their CEOs ridiculous amounts of money that they definitely do not earn.

[-] reddig33@lemmy.world 3 points 7 months ago* (last edited 7 months ago)

Do you have a reliable citation for this claim besides someone’s YouTube video?

[-] DragonTypeWyvern@midwest.social 16 points 7 months ago* (last edited 7 months ago)
[-] atzanteol@sh.itjust.works 4 points 7 months ago

Maybe they should post a more credible source first the next time then.

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

That’s because the onus lies on the claimant.

[-] Juice@midwest.social 7 points 7 months ago

The FTC chairman is interviewed in the first 60 seconds of the video. It's bad faith to waste someone else's time when the source provided is well documented. No investigation, no right to speak

[-] walden@sub.wetshaving.social 0 points 7 months ago

Bombshell?

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

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