Legislation Affecting Oil Merger Proposals: Hearing Before the Subcommittee on Energy and Mineral Resources of the Committee on Energy and Natural Resources, United States Senate, Ninety-eighth Congress, Second Session, on S. 2362 ... April 10, 1984U.S. Government Printing Office, 1984 - 978 pages |
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acquired antitrust laws areas assets barrels billion California capital Chairman Committee competition concentration ratio Congress Consent Order consumers corporation cost Court crude oil production divest divestiture domestic exploration domestic oil drilling economic effect efficient energy exploration activity exploration and development Federal Trade Commission firms gasoline Getty's Gulf Gulf's heavy crude oil hedged tendering impact increase independent injunction investment issue leases legislation merged mergers and acquisitions moratorium natural gas offshore oil and gas oil company mergers oil industry oil mergers oil prices oil reserves OPEC operations Pennzoil percent petroleum industry petroleum products pipeline proposed purchase recent refineries refining and marketing refining capacity result retail royalty trust Section sell Senator WARNER shareowners Socal substantial supply takeover target corporation target shareholders tender offer Texaco and Getty Texaco Inc Texaco-Getty transactions U.S. oil United windfall profits tax
Popular passages
Page 602 - That any person, firm, corporation, or association shall be entitled to sue for and have injunctive relief, in any court of the United States having jurisdiction over the parties, against threatened loss or damage by a violation of the antitrust laws...
Page 659 - No corporation shall acquire, directly or indirectly, the whole or any part of the stock or other share capital and no corporation subject to the jurisdiction of the Federal Trade Commission shall acquire the whole or any part of the assets of...
Page 353 - To meet the situation I have described, there should be a thorough study of the concentration of economic power in American industry and the effect of that concentration upon the decline of competition.
Page 409 - If you have any questions, I will be glad to try to answer them.
Page 155 - ... (b) It shall be unlawful for any person, directly or indirectly, to do any act or thing which it would be unlawful for such person to do under the provisions of this title or any rule or regulation thereunder through or by means of any other person.
Page 659 - The outer boundaries of a product market are determined by the reasonable interchangeability of use or the cross-elasticity of demand between the product itself and substitutes for it.
Page 657 - ... questions going to the merits so serious, substantial, difficult and doubtful, as to make them a fair ground for litigation and thus for more deliberate investigation.
Page 769 - A difference, in other words, must be of at least a certain size to be considered statistically significant. The table below Is a guide to the sampling tolerances applicable to such comparisons.
Page 353 - complex set of close working relationships" is nothing new. It has characterized the structure and operation of the major oil companies since the breakup of the Standard oil Trust in 1911. For example, evidence compiled before the Temporary National Economic Commission, set up by Congress in 1938 to conduct a study of the concentration of economic power in American industry and the effect of that concentration upon the decline in competition, found concentration in the oil industry high at every...
Page 660 - Second, the area of effective competition in the known line of commerce must be charted by careful selection of the market area in which the seller operates, and to which the purchaser can practicably turn for supplies.