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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: croesus1111 who wrote (41652)	4/10/2005 11:52:30 PM
From: whitepine	Read Replies (2) \| Respond to of 206325

Explicit collusion was a fact from 1928 through 1941, and perhaps longer. Jersey Standard (old Exxon) was involved in many explicit cartel agreements with the Germans and many other corporate entities. Standard's main concern was that IG Farben and others would not compete with them in certain areas of the world, or in the development of particular technologies. We know this from documents that the Allies uncovered after WWII during the US occupation of Germany. Read the book, All Honorable Men, by James Stewart Martin, Little&Brown, 1950. Also books like: Cartels in Action; International Cartels; and the Kilgore Senate hearings in 1944-45 have a lot of data about collusion. Still, since WWII, the 'true' picture of private corporate diplomacy for most, if not all, industries has yet to be written. Most historians are clueless. IMO, during the last few decades, I think there has been much more competition than most would imagine. Though collusive agreements at the local/regional levels are more common than most assume, at the industrial level, I think there is little collusion. In truth, we probably will never know. Modern corporate history is a void. wp

To: croesus1111 who wrote (41652)	4/11/2005 7:11:13 AM
From: John Carragher	Read Replies (1) \| Respond to of 206325

"lobbying for common political interests" you really reach far to try to say lobbying is now price fixing. try to stick to stocks vs politics. You are way off base , now trying to take away the tax rights of every public corp and individuals to lobby for their interest. If oil industry was trying to keep oil prices high every congressman would be in front of CNN in the nightly news. Please drop this witch hunt. As for prices on west coast , refineries that burn heavy crude from Alaska have about a 2 cent profit advantage vs competition.. as i remember back in 80's spread could be higher or lower today.