United States | News & Politics

7242 readers

96 users here now

founded 4 years ago

MODERATORS

[email protected]

147

BOMBSHELL: U.S. Oil Companies Colluded to Raise Gas Prices (www.youtube.com)

submitted 6 months ago by [email protected] to c/[email protected]

24 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

[–] [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)

https://www.commondreams.org/news/exxonmobil-pioneer

https://www.sierraclub.org/press-releases/2024/05/sierra-club-reaction-pioneer-collusion-opec

https://www.texasstandard.org/stories/exxon-mobil-pioneer-oil-executive-scott-sheffield-barred-from-board-ftc-opec-collusion/

https://www.cnn.com/2021/11/17/politics/biden-high-gas-prices-ftc-letter/index.html

[–] [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.