Quote:
Originally Posted by dd74
Didn't you suggest the SEC and DOE might investigate the oil companies, or did I read that wrong? That's why I posed the question, "deregulate."
I mean, after all, it's no secret that what we're dealing with within the oil companies is a cartel. Price fixing is rampant, and it's not the consumers - at least not in this country - who have decided what the prices should be.
In Europe, the prices are twice as much because of gas taxes, presumably voted through in democratic elections. We haven't done such here.
That's why I believe that for anyone in the oil and gas industry to say "Look at the Europeans and see how high their gas prices are," is fairly much an inappropriate comparison.
Maybe that's what's needed to loosen the oil company's stranglehold on the worldwide consumer. A nice healthy government-initiated split up.
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NO. NO! NO! I did not say that. I said the opposite. I said the market is acting funny and that I suspect the SEC and DOE may be watching or investigating TRADERS. Private investors or groups.
The oil industry is already scrutinized on a daily basis, they can't fart without several government agencies smelling it.
Cartels? OPEC is a cartel, if you were referring to them you are correct. If you were referring to the oil companies, you know nothing of what you speak. Your tin foil hat is too tight.
Learn about how it works before acting like you know a conspiracy is afoot, or how to solve it.
PS, you can't deregulate something that is not regulated.