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Message: <blockquote data-quote="_CY_" data-source="post: 2091217" data-attributes="member: 7629">micro support of my argument ... my ass ... I'm providing hard $Trillion dollar sized numbers based on data given to SEC without going into technical crap that usually bogs down most any discussion on fuel prices. which cannot help but dip into economics. notice charts that I've put up are to illustrate odds of businesses surviving during startup and survival for five years according to industry. I've put up ZERO .. that's right NO charts supporting what I'm saying. just too easy to distort using charts ... bottom line is BIG oil companies, which was already MEGA size to begin with, was allowed to merge. For all practical purposes Standard Oil the first of true multinationals busted up in 1911 was back together again. which leads back to BASIC issue of why we have high fuel prices ... a lack of competition! our market place which normally self regulates pricing by supply and demand .. for all practical purposes NO longer exists. Chronology: Big Oil's years of merger mania December 1998: The U.S. Federal Trade Commission approves British Petroleum Co Plc's $55 billion acquisition of Amoco Corp. November 1999: The U.S. government approves Exxon Corp's $82 billion purchase of Mobil Corp. April 2000:  FTC approves BP Amoco Plc's purchase of Atlantic Richfield Co, or Arco, for $27 billion. September 2001: The FTC allows Chevron Corp (CVX.N) to complete its $39.5 billion deal to buy Texaco Inc.August 2002: FTC approve an $18 billion union between Conoco Inc and Phillips Petroleum Co December 2005: ConocoPhillips pays $33.8 billion for exploration and production company Burlington Resources Inc.</blockquote>

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