Quote:
Originally posted by 1967 R50/2
Everytime oil prices spike, people bring up price fixing...every time it is investigated and everytime there is never any evidence of it. That's because there is nothing to it. Even Nader and Michael Moore don't pay it any attention.
...and you pick this as your first post????
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OPEC is nothing if not a pice-fixing cartel.
The oil refiners have consumers programmed to accept increases on
already delivered gasoline based on events far up the supply chain.
The short term price increases go right to the bottom line.
What possible incentive would the refiners have to adjust their pricing to reflect actual rather than anticipated costs, if their market just adapts without a whimper? (well, maybe with a whimper, but nothing effective)