Originally Posted by pan6467

What's interesting is if you look at who owns the Oil companies you see the same "Institutional Holders" owning huge pieces of each one of them.

And then when you look at who owns those, the same companies seem to sit on each others boards and oddly enough the same names keep coming up eventually.

So there is a monopoly and there is price fixing and there is collusion.

Just go to a financial search and type in BP (for British Petroleum) and go to major holders then go back hit competitors and click one and go to their major holders and so on. Then look at the names like State Street, AXA, JPMorgan, FMR appear again and again then go to those companies and go to their major holders and guess what each of them have major holdings in the other. And then look at the borad of directors (on those that list them) and you start seeing names again reappearing.

Nice little trick the rich have to keep monopolies going in the US.