United States | News & Politics

7192 readers

1 users here now

founded 4 years ago

MODERATORS

pangyuehung@lemmy.ml

yogthos@lemmy.ml

145

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

submitted 1 year ago by exanime@lemmy.world to c/usa@lemmy.ml

22 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