An Oil Price-Fixing Conspiracy Caused 27% of All Inflation Increases in 2021
An Oil Price-Fixing Conspiracy Caused 27% of All Inflation Increases in 2021
The FTC just found evidence that American oil companies colluded with the Saudi government to hike gas prices, costing the average family $3,000 last year. The question is, what can we do about it?
The only surprise is that they were finally caught. Industry wide inflation of gas prices always “coincides” with Democrats in office. It propels the false narrative that the President sets prices at the pumps. Big oil obviously prefers a Republican in office, repealing those pesky regulations.
https://www.convenience.org/Media/conveniencecorner/Does-the-President-Control-Gas-Prices
Shocked Pikachu
Might be still going on
I've since bought an EV (not a tesla) so the joke is on them. I now laugh at the oil companies every time they raise prices trying to squeeze money out of people.
It's not a perfect solution (I'm still trying to bike to places not far from me), but it's progress and it's freeing not having to stress about gas prices anymore! Volvo Recharge ftw!
Not really. When we moved off the gold standard we moved to the oil standard. Just like oil we control the supply of currency. By controlling both they control oil prices, which in turn determines the price of everything else - food, automotive glass, electronics… all created by and transported by oil.