yes you can bet Bruce wasn't investing in that one!
reality: where ever there are speculators, there is shadyness/collusion/corruption. And where's there is oppourtunity
the oil and gas industry is there to cash in.
our government would have you believe that only OPEC is guilty of collusive behavior. yeah right!
Meanwhile the FTC rubber stamps massive mergers like BP/Amoco that make anti-trust laws like the Clayton Act pointless. The foxes guarding the Hen House?
Yes they are all a bunch of boyscouts who exert no political influence over law makers with the billion$$ in EARNINGS they are raking in barely a year.
Price of unleaded shoots up $2 in less than a year?
Some Comedy:
Katrina Shenanigans
Again, I will ask you the questions you will not answer:
How much SHOULD gas cost and how did you arrive at that answer.
If the US Oil companies have an monopoly, why is there long term ROI lower than other companies without such monopoly.
If the US Oil companies are a monopoly why has no form of state or federal govt EVER found them guilty of anti trust violations.
When the price of oil prices died in the 80s and 90s, did the oil companies have a monopoly then or not? If not, what changed?
If there is a monopoly, why are our gas prices lower than most of the world.
And yes, OPEC is by definition, a cartel. In fact, if they had more of the world's total supply of oil, they could influence price more.
As I pointed out, their proclaimed floor of $64 per barrel was pierced the other day.
So, any facts or just wild accusations?