Antitrust exemptions for international energy program participants, and schools and hospitals energy-conservation programs. Hearing before the Subcommittee on Energy and Power of the Committee on Interstate and Foreign Commerce, House of Representatives, Ninety-Sixth Congress, First Session on H. R. 4445, July 16, 1979
The text of H.R. 4445, a bill to amend the Energy Policy and Conservation Act (EPCA), is presented. The hearings were conducted to examine the activities of the oil companies that participated in voluntary agreements to carry out the international energy program. The conduct of that program by the governmental agencies and appropriate statutes are investigated. Under the provisions of EPCA, the voluntary agreements must be approved by the Attorney General. The law also requires that meetings of oil companies that participate in these agreements be closely monitored by Federal officials, that transcripts be made of all such meetings, and that all necessary steps are taken to insure that such activities have the minimum possible anticompetitive effects. If all of these procedures are followed, the law provides a limited antitrust immunity for the activities of the oil companies in carrying out these voluntary agreements. In general, the activities of the oil companies have two major roles in carrying out the international energy program: (1) they supply information to the International Energy Agency to aid it in analyzing the world oil supplies; (2) they establish the mechanisms that would be used by the agency if oil-sharing agreements under the program are triggered. Congressman John D. Dingell, presiding chairman at the hearings, expressed concern with the international energyprogram and the participation of the oil companies; the secrecy that surrounds the meetings of the oil companies; and the nature of the participation of the oil companies in the oil-sharing agreements. Witnesses testifying included Harry E. Bergold, DOE; Ky P. Ewing, Department of Justice; Robert Goodwin, DOE; Kamp, Steven, Lobel, Novins, and Lamont; Julius L. Katz, DOS; William J. Lamont, attorney; Willian B. McGurn, III and Charles D. Mahaffie, Cleary, Gottlieb, Steen, and Hamilton; Ronald B. Rowe and Marc G. Schildkraut, Federal Trade Commission.
- OSTI ID:
- 6632989
- Resource Relation:
- Related Information: Serial No. 96-86
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
POLICY AND ECONOMY
ENERGY POLICY AND CONSERVATION ACT
AMENDMENTS
HEARINGS
SUPPLY DISRUPTION
EMERGENCY PLANS
ALLOCATIONS
ANTITRUST LAWS
COMPETITION
COMPLIANCE
ENERGY CONSERVATION
ENERGY POLICY
ENERGY SUPPLIES
EXCEPTIONS
FINANCING
INTERNATIONAL ENERGY AGENCY
PETROLEUM INDUSTRY
REGULATIONS
ADMINISTRATIVE PROCEDURES
GOVERNMENT POLICIES
INDUSTRY
INTERNATIONAL ORGANIZATIONS
LAWS
292000* - Energy Planning & Policy- Supply
Demand & Forecasting
293000 - Energy Planning & Policy- Policy
Legislation
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291000 - Energy Planning & Policy- Conservation