Tag: Energy

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  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.
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...
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...
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...
In comments provided on October 15 at the request of Wisconsin State Rep. Shirley Krug, the Federal Trade Commission's Office of Policy Planning, Bureau of Competition, and Bureau of Economics stated that Wisconsin's Unfair Sales Act likely leads to significantly higher gasoline prices for...
The Commission approved a proposed divestiture by ConocoPhillips, Inc. under the terms of the decision and order in the matter involving the recent merger of Conoco Inc. and Phillips Petroleum Company. Under that order, ConocoPhillips is required to divest certain assets and enter into certain...
In comments provided last Friday at the request of New York Attorney General Eliot Spitzer, the staff of the Federal Trade Commission’s Office of Policy Planning and Bureau of Competition stated that there is a “significant risk” that the Motor Fuel Marketing Practices Act (MFMPA, Bill Nos. A....
Commission approval of proposed divestiture: The Commission has approved an application for a proposed divestiture from Shell Oil Company (Shell Oil) and Pennzoil-Quaker State Company (Pennzoil). The application was submitted pursuant to the terms of the 2002 FTC decision and order relating to...
The Commission has filed an amicus brief jointly with the U.S. Department of Justice in the case Verizon Communications, Inc. v. Law Offices of Curtis V. Trinko, No. 02-682 (U.S. S. Ct.). The brief, which is available on the FTC's Web site as a link to this press release, concerns whether the...
The Commission has received an application for approval of proposed divestiture from Shell Oil Company (Shell Oil) and Pennzoil-Quaker State Company (Pennzoil). The application was submitted pursuant to the terms of the 2002 FTC decision and order relating to Shell Oil's acquisition of Pennzoil.
  Staff of the Federal Trade Commission's Office of Policy Planning, Bureau of Economics, and Bureau of Competition yesterday filed comments with North Carolina Attorney General Roy Cooper and State Senator Daniel G. Clodfelter, Chairman of the Judiciary I Committee, stating that the proposed...

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