American oil tycoon accused of trying to conspire with OPEC to inflate oil prices

[boilermaker55]

Scott Sheffield, founder and longtime CEO of a leading American oil producer, attempted to collude with OPEC and its allies to inflate prices, federal regulators alleged on Thursday.


The Federal Trade Commission said Sheffield, then CEO of Pioneer Natural Resources, exchanged hundreds of text messages discussing pricing, production and oil market dynamics with officials at the Organization of the Petroleum Exporting Countries, or OPEC, the oil cartel led by Saudi Arabia.
Now let us wonder who is actually the cause of high gas prices!
Regulators say Sheffield used WhatsApp conversations, in-person meetings and public statements to try to “align oil production” in the Permian Basin in Texas with that of OPEC and OPEC+, the wider group that includes Russia.
Those remarkable ultra-rich American business people with the USA in mind. Laughable isn't it.

 

[DudleySmith]

So what's new? All industries run by a handful of companies get together to fix prices and wages all the time, always have. No news here. They get fined the equivalent of 2 or 3 cents and do no time for felony fraud running into the billions of dollars. Obama and Bush bailed them out with a few trillion in 2008. Biden is handing over a few trill more with no accountability or benefit, and the GOP snivels for more big giant tax breaks for them.

Just business as usual.

 

[Edgetho]

Scott Sheffield, founder and longtime CEO of a leading American oil producer, attempted to collude with OPEC and its allies to inflate prices, federal regulators alleged on Thursday.


The Federal Trade Commission said Sheffield, then CEO of Pioneer Natural Resources, exchanged hundreds of text messages discussing pricing, production and oil market dynamics with officials at the Organization of the Petroleum Exporting Countries, or OPEC, the oil cartel led by Saudi Arabia.
Now let us wonder who is actually the cause of high gas prices!
Regulators say Sheffield used WhatsApp conversations, in-person meetings and public statements to try to “align oil production” in the Permian Basin in Texas with that of OPEC and OPEC+, the wider group that includes Russia.
Those remarkable ultra-rich American business people with the USA in mind. Laughable isn't it.

Wonderful!

What did he do wrong?

 

[BlindBoo]

Not surprising. Colluding to profit off the backs of the average American worker is part and parcel of the super rich and Neo-GOP hierarchy.

Drill baby drill, (and collude with foreign oil producers to fuck Americans)

 

[White 6]

Not surprising. Colluding to profit off the backs of the average American worker is part and parcel of the super rich and Neo-GOP hierarchy.

Drill baby drill, (and collude with foreign oil producers to fuck Americans)

Sounds like the Sheffield plan, to me. If they prove it, they should hit his wealth, pretty heavy.

 

[luiza]

The only thing I can never understand is how and why such budding moguls are apparently incapable of hiding their personal footprint and involvement .

So often it looks Freudian in hindsight --- they seem to unconsciously want to be caught .

Leaving a single incriminating text message is inexcusable. But allegedly leaving hundreds is like making a slow suicide attempt .

 

[boilermaker55]

Rational people know how you would find this just nothing to worry over.
Six months after leaving the White House, Jared Kushner secured a $2 billion investment from a fund led by the Saudi crown prince, a close ally during the Trump administration, despite objections from the fund’s advisers about the merits of the deal.
Another wonderful maga-turd acceptance.

Wonderful!

What did he do wrong?

 

[Edgetho]

Rational people know how you would find this just nothing to worry over.
Six months after leaving the White House, Jared Kushner secured a $2 billion investment from a fund led by the Saudi crown prince, a close ally during the Trump administration, despite objections from the fund’s advisers about the merits of the deal.
Another wonderful maga-turd acceptance.

What did he do wrong, dickbreath?

If you're going to bring up grade-school, neener-neener, cat's-got-your-weiner, juvenile bullshit, you should at least tell us what he did wrong.

You don't have a clue, do you? Fucking imbecile. You just run with whatever the DISGUSTING FILTH tells you to believe and worry about accuracy later. Actually, not at all.

Moron

 

[boilermaker55]

When you give out your juvenile shit, expect to get it back sperm-burper!
When you get some intelligence come and try to talk to us, simple-minded ,P01135809, ass-licker.

What did he do wrong, dickbreath?

If you're going to bring up grade-school, neener-neener, cat's-got-your-weiner, juvenile bullshit, you should at least tell us what he did wrong.

You don't have a clue, do you? Fucking imbecile. You just run with whatever the DISGUSTING FILTH tells you to believe and worry about accuracy later. Actually, not at all.

Moron

 

[Edgetho]

When you give out your juvenile shit, expect to get it back sperm-burper!
When you get some intelligence come and try to talk to us, simple-minded ,P01135809, ass-licker.

YOU'RE THE ONE THAT MADE THE ACCUSATION!!

Now, tell us all what a bad boy Jared is and then go play with the other little children in the yard.

You're a fucking joke

 

[boilermaker55]

Take heed in your own words little boy

YOU'RE THE ONE THAT MADE THE ACCUSATION!!

Now, tell us all what a bad boy Jared is and then go play with the other little children in the yard.

You're a fucking joke