7min chapter

Pitchfork Economics with Nick Hanauer cover image

How Big Oil Rigged the System and Stuck You With the Bill (with Faiz Shakir)

Pitchfork Economics with Nick Hanauer

CHAPTER

Oil's Dark Side: Conspiracies and Corporate Greed

This chapter examines a controversial conspiracy between U.S. shale producers and OPEC that allegedly inflated oil prices during the pandemic, raising questions of economic justice. It also highlights a recent FTC investigation into oil companies' collusion and the subsequent implications for corporate governance and consumer rights.

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