I feel the law on monoplies that was greated to control them. It states that if an industry is needed for the good of the people then any one group cannot control more than 25%
This has had the effect that we have 4 major ( and a very few small ) oil conglomerates.
When the power is consentrated on such a small group there is no need for compitition and so we have artifically high prices.
If they were broken up into groups of no more than 5% they would still be large enough to act efficiently and yet they would compete with each other and the proof is in history.
Before they were regulated into such an elete group we used to have gas wars and low prices.
When I came home from the Marines (1971) Indiana had 30 small oil refineries and we had reasonable prices. If one had a problem and could not produce for a while the effect was not seen on th public as the rest steped up production to fill the gap. But now there is only one refinery in Indiana and it gives out quotas to the people with the oil wells. Most independent oil wells in the state are only allowed to pump 3 days at a time and only 4 times a year. We now have only 30 refineries in the nation.
Lets get back to a free market economy - - - that is what made this country but we have been governed into a non sustainable state!
This would be good for the entire economy which Ranching is a part of.