this post was submitted on 29 May 2024
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United States | News & Politics

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BOMBSHELL: U.S. Oil Companies Colluded to Raise Gas Prices (www.youtube.com)
submitted 6 months ago by [email protected] to c/[email protected]
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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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[–] [email protected] 53 points 6 months ago (1 children)

Shocked! Shocked, I tell you. /s

[–] [email protected] 13 points 6 months ago (1 children)

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

[–] [email protected] 2 points 6 months ago (1 children)

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?

[–] [email protected] 1 points 6 months ago (1 children)

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.

[–] [email protected] 4 points 6 months ago (1 children)
[–] [email protected] 0 points 6 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.