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Click here to enlarge imageBP Amoco's proposed purchase of ARCO may have hit a major snag amid unconfirmed press reports last week that federal antitrust enforcers threatened to sue to block the deal for fear that the combine would translate into elevated gasoline prices in California.In addition to increased West Coast refining capacity and ownership of more retail outlets, the acquisition would give BP Amoco upstream dominance in Alaska, with controlling interest of 70% of North Slope oil production and more than 70% of the trans-Alaska pipeline (OGJ, Nov. 1, 1999, p. 27).The threat of the suit came close on the heels of Alaska Gov. Tony Knowles asking US federal regulators to bloc...

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