I was in the Natural Gas business. Price Fixing is a Federal Crime.
Oil Companies are heavily regulated. If there is an oil leak, especially in California, you can bet the Environmentalists will bring down hell on the producer at a local level as well as at the Federal Level. Please document the leaks you know of that were not reported to the local and the Federal Governments.
“Price Fixing is a Federal Crime.”
Of course it is. But when you own most of the government through lobbying they are going to allow it. They stand profit too. And when they ALL do it together as a universal mutual operation by price fixing the whole industry at the same time it is not considered price fixing.
Daily Energy Report by Phil Flynn. Usually posted by 9:00 am Central. 😉
https://blog.pricegroup.com/author/philflynn/