OGJ Newsletter

General Interest - Quick TakesAPI warns against mistakes on consolidationThe US Congress would repeat past mistakes if it tried to punish the oil and gas industry for consolidations resulting from economic pressures and regulatory requirements, the American Petroleum Institute said Mar. 14.Mergers of the 1990s let companies benefit from economies of scale and pass the savings on to consumers, it said in a statement submitted to the Senate Judiciary Committee. API released the statement as the committee began a hearing on oil industry consolidation and its possible relationship to prices. US oil and gas companies must compete with producing nations’ national oil companies, the trade ...

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