[tomjohn77]

Right on. There is no real competition in the oil market. Thus the supply and demand curves should be forgotten. They are making a lot of money and thats their goal. Maybe its about time to check up on how much the oil companies talk with eachother. It might be time to bring them to justice.

[Hendrix]

"Right on. There is no real competition in the oil market. Thus the supply and demand curves should be forgotten."

There is plenty of competition in the oil market, and there are no barriers to keep new competition from entering into the market. If profits are too high, new competitors will enter the market and drive prices down as they try to capture those profits.