Interfuel competition. Hearings before the Subcommittee on the Judiciary, United States Senate, Ninety-Fourth Congress, First Session on S. 489
Book
·
OSTI ID:7355526
The Interfuel Cmpetition Act of 1975 would prohibit producers and refiners of petroleum or natural gas from ownership of any interest in the coal, oil shale, uranium, nuclear reactor, geothermal steam, or solar industries. Eight oil companies (seven domestic) already control two-thirds of the U.S. oil industry. This bill is designed to keep them from extending their control to other energy sources. During hearings, Sen. James Abourezk expressed concern that the energy program should not replace dependence on a small group of oil exporting countries with dependence on a small group of domestic companies. Sen. Bartlett, in disagreeing, felt that the bill would be counterproductive and would discourage competition and reduce available capital. Twenty witnesses representing Government and private industry discussed effects of amending the Clayton Act, possible redistribution of reserves to the Middle East, the results of oil company control over coal reserves, and possible impacts on the free market. (DCK)
- Research Organization:
- U.S. Senate, Committee on the Judiciary, Subcommittee on Antitrust and Monopoly, Washington, DC
- OSTI ID:
- 7355526
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
02 PETROLEUM
021000 -- Petroleum-- Legislation & Regulations
03 NATURAL GAS
031000 -- Natural Gas-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
293000* -- Energy Planning & Policy-- Policy
Legislation
& Regulation
294002 -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
ANTITRUST REVIEW
CAPITAL
CONTROL
ECONOMICS
ENERGY POLICY
FUELS
GOVERNMENT POLICIES
HEARINGS
INDUSTRY
INVESTMENT
LEGAL ASPECTS
LEGISLATION
MARKET
NATURAL GAS INDUSTRY
PETROLEUM INDUSTRY
PRODUCTION
021000 -- Petroleum-- Legislation & Regulations
03 NATURAL GAS
031000 -- Natural Gas-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
293000* -- Energy Planning & Policy-- Policy
Legislation
& Regulation
294002 -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
ANTITRUST REVIEW
CAPITAL
CONTROL
ECONOMICS
ENERGY POLICY
FUELS
GOVERNMENT POLICIES
HEARINGS
INDUSTRY
INVESTMENT
LEGAL ASPECTS
LEGISLATION
MARKET
NATURAL GAS INDUSTRY
PETROLEUM INDUSTRY
PRODUCTION