On May 17, 11:00 pm, "Calif Bill" wrote:


Where is the new company going to get their crude?- Hide quoted text -

- Show quoted text -

That's *why* there's no competition. :-)

A handful of companies control most of the world's crude oil. Even
where wells have been nationalized (like the mideast) BIGOIL still
owns 49% in many cases. Since everybody is able to sell as much as
they want at whatever price they care to charge, (as long as there is
no consideration for the human misery that results), the incentive is
to help your competitors push prices higher rather than take advantage
of a competitor's high pricing to increase your own market share.