An oligopoly is NOT a free market.
If I wanted to start my own oil company and had the resources to do so, I would have to jump through hoops and it would take several years to get it off the ground (at least).
A few players controlling a commodity which everyone needs is NOT a true free market.
On this, I agree with Bill O’Reilly.
The majors (evil big oil) control less than 7% of the world's reserves. The rest is controlled by state run companies.
On this, I agree with Bill O’Reilly.
O'Reilly is an idiot.