Antitrust and Texas politics

09/09/2002
Singer's "Broken Trusts: The Texas Attorney General versus the Oil Industry, 1889-1909"Click here to enlarge imageMergers and acquisitions are the key to the shrinking of the OGJ200 list of publicly traded US oil and gas producers, as profiled beginning on p. 70. This consolidation of the industry is concentrating assets among the top few companies-the integrated firms-and large independent operators.Wary of the power of a few, large companies in any given industry engaged in interstate commerce, the US government in 1890 passed the Sherman Antitrust Act to prohibit the unreasonable monopoly of or restraint of trade. Sec. 7 of the Clayton Antitrust Act of 1914 prohibits mergers and ...
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