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submitted 4 months ago by exanime@lemmy.world to c/usa@lemmy.ml

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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[-] umbrella@lemmy.ml 4 points 4 months ago* (last edited 4 months ago)

presidents are mostly just figureheads

this post was submitted on 29 May 2024
147 points (97.4% liked)

United States | News & Politics

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