Collusion between a U.S. fossil fuel company and OPEC resulted in a $3,000 cost to the average family last year. Exxon aims to acquire Pioneer for $65 billion, the company central to the gas price conspiracy. The former CEO of Pioneer may face criminal charges. Chevron's U.S. natural gas production surged post acquiring Denver-based PDC Energy, increasing exposure to the gas market. Exxon anticipates taking up to two years to optimize the Pioneer purchase. Brazil seeks to enhance gas supply with Petrobras as gas production in Bolivia declines. Oil price-fixing conspiracy caused 27% of inflation increases in 2021, with FTC evidence implicating Pioneer CEO Scott Sheffield. Oil companies plan offshore drilling in the Gulf of Mexico citing lower greenhouse gas emissions compared to land drilling. Corporate greed in Big Oil negatively impacts Americans, with Republicans prioritizing fossil fuels over people's interests.
More corporate greed from Big Oil, and once again, it comes at Americans’ expense. When Republicans double down on fossil fuels and put polluters over people, this is who they’re helping. It’s unconscionable. Big Oil doesn’t need help – the American people do. https://t.co/GbteHg9BJQ
Oil Companies Expand Offshore Drilling, Pointing to Energy Needs Shell and others say they plan to drill for oil and gas in the Gulf of Mexico in part because doing so releases fewer greenhouse gases than drilling on land. #oott https://t.co/sjpFGIort9
An Oil Price-Fixing Conspiracy Caused 27% of All Inflation Increases in 2021 | Matt Stoller Yesterday, the Federal Trade Commission released evidence confirming that collusion played a serious role in hiking oil prices at that time. Pioneer Natural Resources CEO Scott Sheffield,…
#Brazil Seeks to Boost Gas Supply With Petrobras Mines minister says more gas, lower prices needed for industry Brazil looks to Argentina as Bolivia’s gas production falls #oott https://t.co/VRY7zQV3Se
Exxon to take up to two years to hit stride with Pioneer purchase #oott https://t.co/cX4d5LTkIs
Chevron's US natural gas production has surged in recent quarters due to its crude-focused acquisition of Denver-based PDC Energy last August, increasing the oil major's exposure to the US gas market months after that market entered an extended price slump. #oott…
Collusion between a U.S. fossil fuel company and OPEC cost the average family $3,000 last year. Exxon is trying to buy the company at the center of the conspiracy to raise gas prices, Pioneer, for $65 billion. Meanwhile the former CEO of Pioneer could face criminal charges.