Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Oil Executives Caught PRICE-FIXING!
Posted
October 6, 2024
Views
58,859
Likes
2,619
Comments
570
Engagement
5.42%
October 6, 2024
58,859
2,619
570
5.42%
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11:23Now PlayingJohn B. Hess, CEO of the Hess Corporation, has been allegedly colluding with OPEC leaders to keep oil inventory low to keep prices high. Ana Kasparian discusses on The Young Turks. Your Support is Crucial to the Show
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"Consumer advocates demanded congressional hearings on alleged price fixing by oil giants on Monday after the Federal Trade Commission banned an executive from serving on the board of Chevron, saying he had colluded with international representatives to keep oil prices high.
The FTC said it would prohibit John B. Hess, CEO of the Hess Corporation, from serving on Chevron's Board of Directors as part of Chevron's acquisition of the company, citing Hess' public and private communications "with the past and current secretaries general of the Organization of Petroleum Exporting Countries (OPEC) and an official from Saudi Arabia.""
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