Monopolised no more

I think it’s time we unplug the oil/petrol companies from the monopoly of market price fixing but I don’t know if I have all the facts.

In other words, if I have an oil well in Texas and supply petrol to gas stations in Tennessee, then I set my own prices at the pump, regardless of some arbitrary barrel price for crude oil that doesn’t reflect my economies of scale, right?

Same for corn, soybean, and other imaginary future prices…

It’s my supply-and-demand that puts food on the table because of my smart business practices, not at the whim of market speculators/manipulators who may not have me and my family/community’s best interest in their interest.

Sometimes, the simplistic viewpoint helps me make better decisions.


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