Rep. Hyde calls for FTC natural gas price spike investigation

10/16/2000
US Rep. Henry Hyde (R-Ill.) last week asked the US Federal Trade Commission to undertake an investigation of expected high natural gas prices this winter to determine if they are the result of collusion in the market."I don't know what he means, given the competitiveness of the industry," said R. Skip Horvath, president of the Natural Gas Supply Association, in response to the request. Horvath noted there are 8,000 producers in the US industry."If you took the top five, they only have a 17% market share, Horvath says. "That's a very low concentration."Hyde requestIn his letter to FTC Chairman Robert Pitofsky, Hyde writes, "Last year, when prices were lower, producers cut their pro...
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