Mobil/Marathon takeover. Hearing before a Subcommittee of the Committee on Government Operations, House of Representatives, Ninety-Seventh Congress, First Session, November 19, 1981
The exercise of corporate power and money as well as the effect on energy policy were the underlying issues in a hearing on the proposed merger of Mobil and Marathon oil companies. The use of capital in this way would deny funds for economic recovery and energy development at a time when the oil companies complain that they need more financial incentives. The companies' response in the direction of mergers suggest that deregulation and tax incentives are not developing solutions to energy supply, but are creating new problems. The witnesses included representatives of Ohio, DOE's Office of Competition, and independent oil jobbers and distributors, who argued against the merger. Additional letters and statement from the witnesses follow their testimony. (DCK)
- OSTI ID:
- 6172316
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
POLICY AND ECONOMY
02 PETROLEUM
PETROLEUM INDUSTRY
ANTITRUST REVIEW
MANAGEMENT
CAPITAL
COMPETITION
ECONOMIC IMPACT
HEARINGS
INDUSTRY
LEGAL ASPECTS
293000* - Energy Planning & Policy- Policy
Legislation
& Regulation
294002 - Energy Planning & Policy- Petroleum
021000 - Petroleum- Legislation & Regulations