They're too big to fail argument of Obama, is now they're too big to break up.
No, they are not, by historical standard. When the Standard Oil Trust was broken up in 1911, it controlled nearly 80% of gasoline market in the US and kept prices too low, so no one could enter the market.
Exxon, Mobile, Chevron, Texaco, Amoco, Gulf oil, and 30 other oil companies emerged. Today only 4 are still around, because anti-trust enforcement has been guted by both parties since WWII. Google babies will merge and raise, yet again.
No, they are not, by historical standard. When the Standard Oil Trust was broken up in 1911, it controlled nearly 80% of gasoline market in the US and kept prices too low, so no one could enter the market.
Exxon, Mobile, Chevron, Texaco, Amoco, Gulf oil, and 30 other oil companies emerged. Today only 4 are still around, because anti-trust enforcement has been guted by both parties since WWII. Google babies will merge and raise, yet again.