[Elite Ronnie]

so you believe all the oil companys that are in competition with each other both over sea's and american company's have some kind of meeting and say "no one sell gas for less than X amount". If someone was selln cokes for $2 on the street corner making double on that coke it seems like someone else would say "hey im gonna sell coke for $1.75 and still make 75 cent on every one I sell". The the guy selln for $2 would have to drop his price. In my mind I dont see how its any different with gas. Looks like out of the 15 biggest oil companies if they had pleny of supply and were making %50 profett they would say "hey lets sell twice as much oil as the other guys for $10 a barrel less and we will make our stock holders an unreal amout of $$. If its not a supply and demand problem why does that not happen? I guess I just dont get it. Thats economics at a very basic level that should always hold true I would think. Now as for the untapped domestic oil, if there gonna make a %50 profett on it, it would seem plain retarted to not drill it. I mean its there jobs to make sure all the company owners/stock holders get all the $$ they can. As a side note I didnt know till recently that something like %80 of the american companies are owned by people who make around 60k a year, lots of retirement funds and stuff like that. And only %1 of stocks are owned by the company insider's, lil off topic but something I didnt know. So now I joke with my sister who is a 6th grade teacher and tell her she is the problem{state job retirement funds own a lot of stock in oil companys I guess its a pretty safe investment.} Ahhh as my papow always said it will all come out in the wash. So does american oil companies not have to file an income tax? I figured any company has to file. I mean walmart is owned by thousands of stock holders but I figures they still have to file how else do they get taxed?