Archive for May 16th, 2008

How come price fixing, is not only allowed, but required for gas and oil prices while it is illegal for all?

Friday, May 16th, 2008
oil price
Girly Q asked:


other areas of retail??? There are many different companies who drill oil, yet with that particular trade if one company raises it’s prices per barrel of oil, all oil now costs that amount per barrel, where as with any other industry, competitors agreeing to set their rates at the same price would be illegal.

Howard
Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Bumpzee
  • del.icio.us
  • Facebook
  • Furl
  • Mixx
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google