Senators told oil industry competitive despite mergers

Most US petroleum industry sectors remain unconcentrated or lightly concentrated despite mergers that have occurred in the last 20 years, a Federal Trade Commission member told the Senate Judiciary Committee on Feb. 1.“In addition, the growth of independent marketers and hypermarkets has increased competition at the wholesale and retail levels in many areas,” William E. Kovacic told the committee.Increased concentration by itself is not a basis for finding that a merger would be anticompetitive, he added. When the commission has concluded that a combination would reduce competition, it has ordered divestitures or sought preliminary injunctions to halt the transaction, he said....

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected