[TopQuark]

A major problem is that we no longer have a single totally US oil company.

You confuse citizenship with trade, Eva.

While we as individuals may care about the citizenship of those with whom we trade, we all would lose a great deal if we imposed citizenship to which you refer in your post on COMPANIES.

[Eva]

No, I was referring to the takeover of ARCO by BP. ARCO was a totally US company, with a totally domestic supply of crude. There was no foreign currency involved and no foreign markets either, to drive up the price of oil. BP stated at the time of the take over that they wanted to see a single price for oil in all their markets, that they hoped to raise the price of gasoline in the US to the same price that they pay in Europe. That was $4/gal at the time.