Oil industry mergers. Hearings before the Subcommittee on Fossil and Synthetic Fuels and the Subcommittee on Commerce, Transportation, and Tourism of the Committee on Energy and Commerce, House of Representatives, Ninety-Eighth Congress, Second Session on H. R. 5153, H. R. 5175, and H. R. 5452, March 21 and May 16, 1984

Book · Sat Dec 31 23:00:00 EST 1983

OSTI ID:5950493

Hearings were held on three House bills requiring studies to see if oil company mergers serve the public interest or violate anti-trust regulations. A trend toward mergers involving large companies, hostile takeovers, and the tie-up of investment capital, as well as the role of tax incentives were among the concerns of the 22 witnesses during the two-day hearing. The witnesses represented several facets of the oil producing and marketing industry, the Federal Trade Commission (FTC), citizen groups, and several states. The issues they raised included industrial competition, the involvement of the FTC in industrial policy, and the attempt to restructure the procedures of divestiture and merger through new legislation. Material submitted for the record follows the text of H.R. 5153, H.R. 5175, and H.R. 5452 and the testimony.

• OSTI ID: 5950493
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
021000* -- Petroleum-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
294002 -- Energy Planning & Policy-- Petroleum
ANTITRUST LAWS
COMPETITION
DOCUMENT TYPES
ENERGY SOURCES
FOSSIL FUELS
FUELS
HEARINGS
INDUSTRY
LAWS
LEGISLATION
ORGANIZING
PETROLEUM
PETROLEUM INDUSTRY
PUBLIC POLICY
TRADE