Collusion in industry is not unheard of. I was told of a senior exec in Calgary who claimed that, though the big oil companies all have different executives, management and ownership are the same and therefore their ‘actions’ are the same.
In the US, there SEEMS to be some sort of retail price competition at the pump. Not so in Canada. Prices move in lock step. I know from personal experience, it is not the middle management marketers nor the individual station operators that collude but who knows about the discussions that occur over dinner and a few drinks at 319 5th Avenue SW? I’m sure such discussions occur in swank settings and much more private settings in Houston, London or Vienna!
One can only hope that there are breakthroughs in electricity and batteries so that oil no longer has such a stranglehold on so many.
What company colludes with competition to cost themselves money while increasing their competition’s profits? Do you think they intentionally start fires and blow up their own units?!?!