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Quote by: brien Back to "big oil." We must, as a Capitalistic society, recognize that "big oil" is in business to earn a profit. They, as capitalists, can sell their oil to the highest bidder in a world free market. What right do Americans have to demand that "big oil" sell their oil to the US consumer at a price lower than other world buyers?
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So, if by chance or design, one oil company came to acquire all the others (and there isn't that many anymore), and effectively controlled all the oil sold in the U.S., you'd see no problem with them setting whatever price they wanted on "their" oil?
What about the fact that production on the North Slope for instance, is coming out of public land leased to the oil companies? Doesn't that mean that oil belongs to all of us? Don't we then have the right to negotiate a fair profit margin for the services required to pump and refine it?