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 5 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] 63 points 5 months ago (1 children)

But the sticker told me it was Biden

[–] [email protected] 4 points 5 months ago* (last edited 5 months ago)

presidents are mostly just figureheads

[–] [email protected] 53 points 5 months ago (1 children)

Shocked! Shocked, I tell you. /s

[–] [email protected] 13 points 5 months ago (1 children)

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

[–] [email protected] 2 points 5 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 5 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] 3 points 5 months ago (1 children)
[–] [email protected] 0 points 5 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.

[–] [email protected] 30 points 5 months ago (1 children)

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

[–] [email protected] 12 points 5 months ago (2 children)

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

[–] [email protected] 14 points 5 months ago

Oligarchs come from the beet patches of Russia, otherwise it's sparkling billionaires

[–] [email protected] 5 points 5 months ago

With blackjack and hookers!

[–] [email protected] 18 points 5 months ago

Soo when do they pay us back?

[–] [email protected] 4 points 5 months ago (1 children)

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

[–] [email protected] 1 points 5 months ago

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

[–] [email protected] 3 points 5 months ago* (last edited 5 months ago) (1 children)

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

[–] [email protected] 15 points 5 months ago* (last edited 5 months ago) (2 children)
[–] [email protected] 4 points 5 months ago

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

[–] [email protected] 1 points 5 months ago (1 children)

That’s because the onus lies on the claimant.

[–] [email protected] 3 points 5 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

[–] [email protected] 0 points 5 months ago

Bombshell?