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An Oil Price-Fixing Conspiracy Caused 27% of All Inflation Increases in 2021 (www.thebignewsletter.com)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] [email protected] 33 points 3 months ago* (last edited 3 months ago)

The only surprise is that they were finally caught. Industry wide inflation of gas prices always “coincides” with Democrats in office. It propels the false narrative that the President sets prices at the pumps. Big oil obviously prefers a Republican in office, repealing those pesky regulations.

https://www.convenience.org/Media/conveniencecorner/Does-the-President-Control-Gas-Prices

[–] [email protected] 5 points 3 months ago

Might be still going on

[–] [email protected] 3 points 3 months ago

Shocked Pikachu

[–] [email protected] 0 points 3 months ago (2 children)

I've since bought an EV (not a tesla) so the joke is on them. I now laugh at the oil companies every time they raise prices trying to squeeze money out of people.

It's not a perfect solution (I'm still trying to bike to places not far from me), but it's progress and it's freeing not having to stress about gas prices anymore! Volvo Recharge ftw!

[–] [email protected] 4 points 3 months ago

No the joke is still on us. The price of oil feeds into so many things we buy. A hike in the price of oil affects basically everything, not just personal transport.

[–] [email protected] 1 points 3 months ago

Not really. When we moved off the gold standard we moved to the oil standard. Just like oil we control the supply of currency. By controlling both they control oil prices, which in turn determines the price of everything else - food, automotive glass, electronics… all created by and transported by oil.