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Originally Posted by Brucelee
I don't think that there is any credible evidence that the oil companies nor even OPEC has been able to fix oil prices.
If they could, I think they MIGHT be a bit higher right now.
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If you're willing to look past the $140 barrel of oil last summer then I guess we have no evidence. Give it time, at one point there wasn't any credible evidence of Enron having it's hand on California's energy crisis but that sure has changed.
And we'll probably disagree, but when one side cuts production, and the other side cuts how much gas they make because they don't like what happened to the price of their product, it's fixing the price. Or some will say, no it's just supply and demand. And as a direct result of their efforts, gas prices are higher than where they need to be right now.