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- W124299207 abstract "This book addresses the following questions: Are oil and other energy industries highly concentrated. Have independent distributors of gasoline lost their market shares in recent years. Do vertical and horizontal integration pose serious threats to the competitive viability of the industry. Similarly, what has been the effect of joint ventures, exchange and processing agreements, and interlocking directorates on competition in the oil industry. What monopolistic power is exercised by the integrated oil companies because of their control of pipelines and the relatively high entry costs in refining. Finally, have the oil industry's profits been excessive. Do these profits indicate anticompetitive behavior on the part of the industry. Perhaps the most important overall finding of the study is that many of the alleged anticompetitive practices in the industry are not the result of collusion, but can be traced to often ill advised policies of local, state, and national governments, as well as various regulatory bodies in Washington. The book stresses throughout that the real issue facing the nation is greater U.S. energy self-sufficiency. Attempts to punish the oil industry for alleged anticompetitive behavior are contrary to the national interest, if for no other reason than that they detract from the achievementmore » of this goal.« less" @default.
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- W124299207 date "1975-01-01" @default.
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- W124299207 title "Occasional papers on energy policy. Volume I. Competition in the oil industry" @default.
- W124299207 hasPublicationYear "1975" @default.
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