Pacific Business Daily

Does anybody really know that the oil companies are in collusion with each other on pricing?

I see a lot of dismay over pricing of gasoline, (a natural reaction), but not much about the effects of tighter environmental regulations, a myriad of different gasoline specifications, a shortage of US refining capacity and the substantial profits of the (crude oil producing) oil companies. Who listens to a balances analysis of the problems and solutions? Or is it a "follow the leader" and selfish mentality that rules?

Public Comments

1. the government is in on it too! bush & chaney are heavily invested
2. There is not doubt. They are all parts of the original Standard Oil Trust, and operate as such. See: "The History Of Standard Oil," by Ida Turnbull.
3. Not at all. My oil company investments are doing great because you drive so much. Gasoline is still much cheaper than bottled water.
4. It is just supply and demand. As long as people keep driving, they will keep making gasoline. Who cares if they make a profit, they are companies!!! They are supposed to make a profit.
5. It's called OFAC