It looks that way. When a business becomes too powerful and too big it - paradoxically - ceases to be a part of the competitive free market system. I read in Jonah Goldberg’s book that big corporations actually like a lot of regulations and legal complexities. Why? Because such are an economic barrier to small corporations who don’t have the capital and other resources necessary to grow and become competitors! I never thought of that.
This probably sounds odd but it occurred to me that the oil companies could be in favor of the environmental restrictions on drilling because this makes the price go up. I really don’t know as much as I should about the breakdown of all this but the oil companies are the ones reaping windfall profits now.
I suspect neither party is willing or able to do anything about all this at the present time.