KimPerales, 23 days ago

US Oil producers withheld prod. to DRIVE UP OIL PRICES BY COORDINATING WITH #OPEC.
-h/t M Stoller

Exxon is set to close its $60B deal for Pioneer following an agreement with #antitrust enforcers not to add fmr Pioneer Chief Exec Sheffield to its BOD.

FTC: set to allege -he engaged in collusive activity that could have raised the price of oil. The allegations will incl. that Sheffield sent 100s of messages to reps of the OPEC re pricing & prod. levels.
#CorporateGreed https://www.wsj.com/business/energy-oil/exxon-to-close-megadeal-pioneer-ceo-to-be-barred-from-exxon-board-in-deal-with-ftc-884c939e?mod=e2tw