US Oil Producers Fail to Produce

[Seran]

$2.25 today at Sam’s Club. I’d just like to say thank you to former President Donald Trump, Governor Wheelchair, & the U.S. domestic oil producers for it to not feel like I’m being raped in the anus with no lube when I fill up my truck. I can’t say that about the grocery store.

Speaking of cognitive dissonance..

[beldannon5]

gas just went up 20 cents a couple days ago.

[Parkbandit]

gas just went up 20 cents a couple days ago.

"BUT ITS' DOWN FROM BIDENS' HIGH LAST YEAR SO ITS' LIKE YOU ARE S'AVING MORE MONEY'S!"-Seran, with his tongue all the way up Bidens' as's'hole

[Methais]

"BUT ITS' DOWN FROM BIDENS' HIGH LAST YEAR SO ITS' LIKE YOU ARE S'AVING MORE MONEY'S!"-Seran, with his tongue all the way up Bidens' as's'hole

Seran: WOW THIS I'S A GREAT SALE I'TS ONLY $125 DOWN FROM $200!!!

Normal person: But Seran, the normal price is $75. They just marked it up to $200 so they could mark it back down to $125 so retards like you would think they're getting a bargain when you're actually paying more for the item than when it's not on sale.

Seran: I WOULDN'T EXPECT A DUMB IDIOT LIKE YOU TO BE ABLE TO DO MATH, BUT FOR THE SMART ADULTS IN THE ROOM LIKE ME WE'RE MAKING OUT LIKE BANDIT'S!!!!

[Seran]

Industry collusion and anti-competitive business practices by CEO of Pioneer Natural Resources likely to bar ​Scott Sheffield from serving in the board of Exxon per order of the Federal Trade Commission.

FTC Order Bans Former Pioneer CEO from Exxon Board Seat in Exxon-Pioneer Deal

Commission consent order limits the likelihood of coordination in crude oil markets

The Federal Trade Commission took action to resolve antitrust concerns surrounding Exxon Mobil Corporation’s (Exxon) $64.5 billion acquisition of oil producer Pioneer Natural Resources by approving a consent order that prevents founder and former Pioneer CEO Scott Sheffield from gaining a seat on Exxon’s board of directors or serving in an advisory capacity at Exxon once it acquires Pioneer.


The proposed consent order seeks to prevent Pioneer’s Sheffield from engaging in collusive activity that would potentially raise crude oil prices, leading American consumers and businesses to pay higher prices for gasoline, diesel fuel, heating oil and jet fuel.

The FTC alleges in a complaint that Sheffield has, through public statements and private communications, attempted to collude with the representatives of the Organization of Petroleum Exporting Countries (OPEC) and a related cartel of other oil-producing countries known as OPEC+ to reduce output of oil and gas, which would result in Americans paying higher prices at the pump, to inflate profits for his company.


“Mr. Sheffield’s past conduct makes it crystal clear that he should be nowhere near Exxon’s boardroom. American consumers shouldn’t pay unfair prices at the pump simply to pad a corporate executive’s pocketbook,” said Kyle Mach, Deputy Director of the FTC’s Bureau of Competition. “The FTC will remain vigilant in its enforcement efforts to protect competition in these vital markets.”

Through public statements, text messages, in-person meetings, WhatsApp conversations and other communications while at Pioneer, Sheffield sought to align oil production across the Permian Basin in West Texas and New Mexico with OPEC+.


Sheffield, for example, exchanged hundreds of text messages with OPEC representatives and officials discussing crude oil market dynamics, pricing and output. In discussing his efforts to coordinate with Texas producers under a production cut mandated by the Railroad Commission of Texas, Sheffield said, “If Texas leads the way, maybe we can get OPEC to cut production. Maybe Saudi and Russia will follow. That was our plan,” he said, adding: “I was using the tactics of OPEC+ to get a bigger OPEC+ done.”

https://www.ftc.gov/news-events/news...n-pioneer-deal

[Methais]

We're literally two days away from starting a series of hearings about how the last President and a bunch of his friends tried to overthrow the government to stay in power, risking the lives of his VP and all of Congress in the process when he intentionally sent armed militia to stop the vote certification.

Perspective.

Get some.

This aged well.

How did I end up here?

[~Rocktar~]

Holy thread necro Batman