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Originally Posted by super66
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.
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What you describing IS supply and demand. Price fixing is when all of the suppliers act in concert to set the price irrespective of demand. Fact is, demand dropped and prices dropped, just like you would expect. Now, suppliers are providing fewer units at lower prices, just what you would expect in a commodity. If oil producers could fix prices, the prices would have just stayed at $4 a gallon. They didn't. And they won';t stay fixed here either.
Gold miners don't go after all the gold they have when gold prices are expected to be down. Farmers will not plant the whole field if they think prices are depressed.
Sorry, even OPEC has not been able to FIX prices, even though they would like to.
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