The Buzz: Big Oil Gets Bigger

If you didn’t catch Tuesday’s edition of Your World with Neil Cavuto, here’s what you missed:

Another huge energy merger is in the works as Amerada Hess Corp. announced its intention to buy Triton Energy Ltd. for $2.7 billion in cash.

Triton shareholders love the deal, watching their stock rise nearly 50 percent on Tuesday as a result. But what about the rest of us?  Are fewer – and now bigger – oil players bad news for the consumer? Tyson Slocum, senior energy researcher at Public Citizen, says yes.

"The rate of mergers and the amount of consolidation within the industry is unprecedented," Slocum told Fox News Channel.

Concerned that such mega-mergers create "very limited competition" in the U.S. domestic energy markets, Slocum claims that  consumers are being denied "access to competitive markets."

Here’s what you had to say about the issue:

The only thing that would make Tyson Slocum of Public Citizen happy would be for the government to take over all the Oil companies. Then what would be next?
Frank C.
Alpharetta, GA

Neil, is it just me or do you eat guys like Tyson Slocum for breakfast? Oh by the way Neil, you have a little piece of tyson stuck in your teeth.
James M.

We don't need to fight over oil. We need to relgalize industrial hemp... we don't need fossil fuels. hemp could be used to make the clothes you wear, the desk you sit behind, or oil you put in your car.

In all concerns, there should be a balance, yen & yang, liberal and conservative, and a totally free enterprise capitalist environment and one with regulations and controls for the quality and health of a society.
Christian S.
Marshall, Texas

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And watch Your World with Neil Cavuto weekdays at 4 p.m. ET.