Collusion has always occurred in the oil business, and always will. Back in the '60's, my grandmother was a bookkeeper for a gasolin wholesaler/"jobber" in the area. I once overheard her telling someone that her boss had called the other "jobbers" in the area, because one station in town had dropped his price drastically. The "jobbers" then got together and went to see this station owner's "jobber" to tell him that his retailer needed to "get in line" with everyone else.
Now, my grandmother is a good, honest woman...usually. But when I later asked her about it, she then said that no such thing had ever occurred, and that she had never said anything of the sort. But I know what I heard, and I know that before the day was out, the renegade station owner had "gotten in line" and raised his price to match the other retailers in town.
The reason that collusion isn't ever prosecuted is because, in most cases it comes down to a "he said/she said" situation, and there's no smoking gun like a tape recording of actual conversations. And nothing EVER goes into written form!
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Today's Featured Article - A Brief History of Tractors in Australia - by Bob Kavanagh. After Captain Cook's exploration of the east coast in 1770 the British Government decided to establish a penal colony in Australia. The first fleet arrived in 1788 and consisted mainly of convicts who were poorly equipped and new little of farming techniques. The colony remained far from self-supporting and it was not until the early 1800's that things started to improve. Free settlers started to arrive, they followed the explorers across the mountains and where land was suitable set up farms. T
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