Big Oil's Un-American Scheme to Price-Gouge Consumers

@#14 ... "Everything" certainly isn't a bombshell, but this complaint certainly qualifies when it contains the facts about US oil producers (the very same people Trump wants to pony up a $1B for his campaign, telling them straight-up he makes sure they'll receive even more than a billion in return once he removes restrictions and environmental standards) colluding with OPEC to artificially restrict the oil supply, thus intentionally raising the price of gas at the pump. ...

Yeah, I disagree, the "bombshell" appellation is overused, even on this thread.

That disagreement aside...

Big Oil is the entity that has been denying climate change, even though their own internal research seems to confirm it.

Exxon Knew about Climate Change almost 40 years ago (2015)
www.scientificamerican.com

... Exxon was aware of climate change, as early as 1977, 11 years before it became a public issue, according to a recent investigation from InsideClimate News. This knowledge did not prevent the company (now ExxonMobil and the world's largest oil and gas company) from spending decades refusing to publicly acknowledge climate change and even promoting climate misinformation"an approach many have likened to the lies spread by the tobacco industry regarding the health risks of smoking. Both industries were conscious that their products wouldn't stay profitable once the world understood the risks, so much so that they used the same consultants to develop strategies on how to communicate with the public.

Experts, however, aren't terribly surprised. "It's never been remotely plausible that they did not understand the science," says Naomi Oreskes, a history of science professor at Harvard University. But as it turns out, Exxon didn't just understand the science, the company actively engaged with it. In the 1970s and 1980s it employed top scientists to look into the issue and launched its own ambitious research program that empirically sampled carbon dioxide and built rigorous climate models. Exxon even spent more than $1 million on a tanker project that would tackle how much CO2 is absorbed by the oceans. It was one of the biggest scientific questions of the time, meaning that Exxon was truly conducting unprecedented research.

In their eight-month-long investigation, reporters at InsideClimate News interviewed former Exxon employees, scientists and federal officials and analyzed hundreds of pages of internal documents. They found that the company's knowledge of climate change dates back to July 1977, when its senior scientist James Black delivered a sobering message on the topic. "In the first place, there is general scientific agreement that the most likely manner in which mankind is influencing the global climate is through carbon dioxide release from the burning of fossil fuels," Black told Exxon's management committee. A year later he warned Exxon that doubling CO2 gases in the atmosphere would increase average global temperatures by two or three degrees"a number that is consistent with the scientific consensus today. He continued to warn that "present thinking holds that man has a time window of five to 10 years before the need for hard decisions regarding changes in energy strategies might become critical." In other words, Exxon needed to act. ...