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

submitted 5 months ago by exanime@lemmy.world to c/usa@lemmy.ml

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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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[–] atzanteol@sh.itjust.works 31 points 5 months ago (3 children)

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

[–] blusterydayve26@midwest.social 13 points 5 months ago (2 children)

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

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

With blackjack and hookers!

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