8min 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

The Oil Price Conspiracy

This chapter explores how rising energy prices, fueled by a coordinated effort among oil producers to limit production, significantly impact inflation and American consumers. It discusses the misleading belief that increased drilling can alleviate high prices and underscores the necessity for regulatory oversight to protect consumers from price-fixing in the oil industry.

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