They don't have to anymore, they let OPEC set it for them.
You to young to remember gas price wars? Big name Companies would duke it out to destroy the small competitor.
I know when supply is artificially limited, then Supply and demand is being manipulated. So stuff your unbridled Capitalism, along side every other despot.
You would be raising he!! if Government was doing the same thing.
I’m not too young, but I have been in the oil business for decades and I know how it works through boom and bust.
And you don’t have a clue.