NPRA faults Senate antitrust reform bill

04/17/2006
An antitrust reform bill that US Senate Judiciary Committee Chairman Arlen Specter (R-Pa.) and other senators introduced last week is based on incorrect assumptions and would do substantial harm to US refiners, the National Petrochemical & Refiners Association said Apr. 10 see p. 24.NPRA Pres. Bob Slaughter said the bill, S 2557, starts with a flawed assumption that industry consolidation has led to higher retail oil product prices. “Today’s refining industry is highly competitive. Data do not support the conclusion that acquisitions have increased prices. In fact, we believe companies have become more efficient through mergers and acquisitions plus organic growth. They co...
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