Collusion and Price-Fixing Allegations Rock US Oil Industry, Costing Consumers Billions
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#351b364e ver:0.11

Collusion and price-fixing allegations in the US oil industry have cost consumers billions, leading to higher oil prices and inflation. The surge in oil prices is identified as the top threat to the US economy, potentially impacting consumer spending and delaying interest rate cuts. The US biofuels industry is also facing challenges due to the import of low-quality cooking oil from China. Additionally, evidence suggests a broad price-fixing conspiracy within the US oil industry, with American shale oil companies colluding with OPEC to inflate prices. Higher oil prices lead to inflated product and service prices, impacting the economy. #OilIndustry #PriceFixing #USOil #Economy...

#newstr #Pricefixing #Collusion #OilIndustry #FederalTradeCommission #Ftc #AmericanShaleOil #SaudiGovernment #Opec #Opec+ #ScottSheffield #PioneerNaturalResources #Inflation #Project2025 #DonaldTrump #EnvironmentalRegulations 

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