Agencies to resist Equilon antitrust ruling

Nick Snow
Washington Correspondent

WASHINGTON, DC, Sept. 13 -- The US Federal Trade Commission authorized the staff of its general counsel's office to file a joint amicus brief with the Department of Justice asking the Supreme Court to reverse a lower court's finding that Texaco Inc. and Shell Oil Co.'s refining and marketing joint venture violated the Sherman Antitrust Act.

The federal departments are challenging a Ninth Circuit Court of Appeals ruling that federal antitrust laws were violated when the two parent companies of Equilon Enterprises LLC directed it to equalize prices for both brands of gasoline after merging downstream operations and effectively terminating their prior competition.

The appeals court reversed a federal district court's finding that Equilon's decision to unify Texaco and Shell gasoline prices did not constitute horizontal price fixing. The FTC and Justice Department's joint brief argues that this reversal improperly extended an antitrust analysis to unified product pricing under the joint venture.

The FTC voted 3-0 to authorize the staff's filing of the joint brief, with Chairman Deborah Platt Majoras recused.

Contact Nick Snow at nsnow@cox.net.

Related Articles

Gasoline price games

03/24/2014 Let's assume you're a typical American, typically scornful of the oil and gas industry. You don't work for the industry. You don't know much about ...

OGJ Newsletter

03/24/2014

International news for oil and gas professionals

OMV acquires West of Shetland licenses from Hess

03/21/2014 OMV AG has reached an agreement with Hess Corp. to acquire four licenses in West of Shetland, UK, including Cambo field and the Blackrock prospect,...

Millennium Pipeline appoints president

03/20/2014 Millennium Pipeline Co. LLC has selected Joseph Shields as its president. He succeeds Rocco D’Alessandro, who held the position beginning in May 20...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected