Specialists see big problems in oil-focused antitrust reform

US Senate Judiciary Committee Chairman Arlen Specter (R-Pa.) has circulated antitrust reform proposals directed at US refiners and overseas producers.While he has not introduced an actual bill, he is seeking input on a measure that would expand reviews of proposed mergers, establish a joint federal-state task force to examine oil and gas industry information-sharing, and bring the Organization of Petroleum Exporting Countries under US price-fixing laws.Three antitrust specialists told Oil & Gas Journal that they generally found a summary of the proposals more political than practical and warned that the provisions could create more problems than they solve if enacted.“It’s...

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