Tag: Energy

Displaying 181 - 200 of 333 results.

Under the terms of a consent agreement with the Federal Trade Commission announced today, Buckeye Partners, L.P. (Buckeye) will be permitted to complete its proposed $517 million acquisition of selected refined petroleum pipelines and terminals from Shell Oil Company (Shell). To protect...
  The Federal Trade Commission today issued a report by staff of the Bureau of Economics entitled, “The Petroleum Industry: Mergers, Structural Change, and Antitrust Enforcement.” The report presents a detailed overview of structural changes in the petroleum industry and describes Commission law...
The Federal Trade Commission will hold a media availability on Friday, August 13, 2004, at 11:00 a.m.
This report updates two earlier FTC studies on mergers and structural change in the U.S. petroleum industry. Reviewing industry developments since the 1980s, this report finds, among other things, that concentration in crude oil at the country or company level has remained relatively...
In testimony today, the Federal Trade Commission told the Subcommittee on Energy and Air Quality of the House Committee on Energy and Commerce that the price of crude oil, not mergers in the petroleum industry, is the major factor in determining gasoline prices at the pump. William Kovacic, FTC...
The Federal Trade Commission has issued a Consumer Alert entitled, “Dubious ‘Gas-Saving’ Gadgets Can Drive You to Distraction,” that informs consumers about both gas-saving devices with questionable benefit and “tried and true steps to deal with rising gas prices.” The U.S. Environmental...
The Federal Trade Commission today reinstated charges that the Union Oil Company of California violated antitrust laws by defrauding the California Air Resources Board (CARB) in connection with regulatory proceedings regarding development of reformulated gasoline.
In comments provided today at the request of Michigan House Representative Gene DeRossett on Michigan House Bill 4757, commonly referred to as the “Petroleum Marketing Stabilization Act,” staff of the Federal Trade Commission stated that, if enacted, the bill likely would restrict competition and...
In 30 years as an antitrust enforcer, academic, and consultant on antitrust issues, I have rarely seen a report so fundamentally flawed as the GAO study of several oil mergers that the Federal Trade Commission investigated under my predecessor, Robert Pitofsky. As the Commission unanimously said...
Testifying today on behalf of the Federal Trade Commission before the Subcommittee on Antitrust, Competition Policy, and Consumer Rights of the Senate Judiciary Committee, General Counsel William Kovacic detailed the agency’s initiatives to maintain competitive energy markets, and said that the...
The Commission authorized staff to file a complaint to block Arch Coal, Inc.’s proposed acquisition of Triton Coal Company, L.L.C. from New Vulcan Holdings, L.L.C. on grounds that the acquisition would increase concentration and tend to create a monopoly in the market for coal mined...
This study measures the retail and wholesale price effects in Louisville, Kentucky resulting from the Marathon/Ashland (MAP) joint venture. MAP was an early transaction in the recent era of petroleum mergers and it caused sizeable changes in concentration. We find no evidence of...
In response to a request from Kansas State Senator Les Donovan, the staff of the Federal Trade Commission’s Office of Policy Planning, Bureau of Competition, and Bureau of Economics filed comments regarding Bill No. 2330, which would bar the “below-cost” sale of motor fuel. The bill would prohibit...
We review explanations for two controversial vertical restraints commonly used in gasoline marketing: price zones and territorial restrictions. After a discussion of the relevant empirical and theoretical economics literature, we consider procompetitive and anticompetitive theories...
The Federal Trade Commission’s Office of Policy Planning, Bureau of Competition, and Bureau of Economics have sent a letter to Alabama House of Representatives Speaker Pro Tempore, Demetrius C. Newton, stating that the Alabama Motor Fuels Marketing Act (AMFMA) is likely to harm consumers by...
By a 5-0 vote, the Federal Trade Commission today closed its investigation of Sunoco, Inc.’s (Sunoco) proposed acquisition of the El Paso Corporation’s Coastal Eagle Point Oil Company (Coastal). As part of its acquisition of Coastal, Sunoco, which owns three refineries in the greater Philadelphia...

Pages