October 2004

Trends and Resources

HP Impact: HPImpact: FTC: energy mergers not impacting prices at pump

The US Federal Trade Commission (FTC) issued a report that presents a detailed overview of structural changes in the petroleum industry and describes commission law enforcement activities related to p..

Weirauch, Wendy, Hydrocarbon Processing Staff

The US Federal Trade Commission (FTC) issued a report that presents a detailed overview of structural changes in the petroleum industry and describes commission law enforcement activities related to petroleum industry mergers. The report develops five major themes: Mergers of private oil companies have not significantly affected worldwide concentration in crude oil. "This conclusion is important, because crude oil prices are the chief determinant of gasoline prices," notes the study. Despite some increases over time, concentration for most levels of the petroleum industry has remained low to moderate. FTC merger investigations and enforcement have

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