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Technology Stocks : Intel Corporation (INTC)
INTC 36.20+0.1%Dec 26 9:30 AM EST

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To: Proud_Infidel who wrote (182519)11/3/2005 8:37:23 AM
From: GVTucker  Read Replies (1) of 186894
 
Brian, RE: There are only 5 oil producers.....can anyone else get into the game?

If not, please refrain from the nonsense of the "free market." Free market can be used in describing a company making widgets, not 1 of 5 oil producers who have a lock on the market.


Only 5?

Where do you get that? Sheesh, even if you're talking JUST about integrated oil companies and JUST look at the US and JUST look at the S&P 500, you get to 7 companies. And that's a small subset of the business.

There are plenty of people in the game right now. And anyone that wants to join can. The membership of the Independent Petroleum Association of America numbers a bit more than 5.

Funny, when the oil industry is struggling, like it was in the mid-80's and late 90's, there isn't talk like this. They couldn't keep prices from declining below the cost of production back then, and they can't control prices now.
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