Whether it's $150 oil, $200 oil, or $100 oil, we're not going to change our growth plans, profits go to investors, not to more rigs - Pioneer CEO Scott Sheffield.
Economists like Olivier Blanchard defend high oil profits, stating it's not price gouging but how markets work, despite later evidence from the Federal Trade Commission.
#oil-industry #biden-administration #price-fixing-allegations #market-manipulation #federal-trade-commission
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