Source: American Prospect
by Luke Goldstein
“For the past four years, the main area of inflation that has frustrated Americans the most is gas prices. The numbers have come down since their peak in 2022, but still remain stubbornly high. At first, much of the volatility was thought to be related to global disruptions from Russia’s war in Ukraine. But any outside observer could also see that the Organization of the Petroleum Exporting Countries (OPEC, led by our supposed ally Saudi Arabia) was choosing not to ramp up production and instead constrain capacity. The Federal Trade Commission recently uncovered another underlying cause: an orchestrated plot between OPEC and an American fracking tycoon to exploit the inflationary period to push prices even higher.” (05/07/24)
https://prospect.org/power/2024-05-07-mega-donor-scott-sheffield-opec-exxonmobil/