Your point was about the limited number of oil companies, and i showed you 104 oil companies working in the USA. I could list the rest of them working worldwide to further blow your incorrect statement out of the water, but I doubt you’d see it that way. Talk about deaf ears!
Make your point anyway, I’ll discus it with you.
BTW, i am not in futures, i am a stockholder. There are hundreds of thousands of us all over the country and the world who invest in oil companies. I doubt any of us really enjoy paying “high” prices for our gas, but we do understand market economics. I beleive your anger is misplaced, it’s not oil companies we should have a beef with, as hey are merely supplying a product we need at competetive prices. We should be disgusted with our gvernment because of stifling regulations, restrictions and taxation.
There are only a small handful of oil companies which produce gasoline and diesel in the state of California. And, since that is where I live and buy fuel, then that is where my concern lies. California is a closed system for fuel production, and only the companies within the state may refine and sell fuel here. So, it doesn’t matter if there are a million different companies, there is a monopoly in California with how these small handful work together to set state prices.