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- W1567881874 abstract "The recent merger activity listed in the report intensifies our concern for America's energy markets because those markets are already unduly concentrated. It is generally recognized that effective competition may be endangered or even prevented when the four largest firms in a market control over half the industry's production. Three of the Nation's major regional coal markets are that concentrated - including the Midwest market from which TVA buys 70 percent of its coal. The top four firms in the Midwest market now control 56 percent of production. These important regional coal markets - and the other domestic markets to a lesser extent - are not only dangerously concentrated, but are also dominated by companies with other energy interests. The same is true of the uranium market. It is highly concentrated and is dominated by nine of the Nation's largest oil companies, eight of whom also have major coal interests. This uncompetitive structure of the coal and uranium markets can adversely affect both fuel prices and supplies. Because the fuel markets are oligopolies, and since oligopolists price their goods above competitive market price, coal and uranium prices are likely to be higher than necessary. Worse, since the same group ofmore » energy companies which dominate the coal markets also dominate the uranium market, consumers are even deprived of the potential benefits of price and supply competition between those two competing fuels. The prices of coal and uranium have increased ennormously in recent years. Coal now costs over four times what it cost in 1970. Portions of this sharp increase in fuel prices have been explained by some as the expected effects of the various forces listed. However, there is a basis for believing that a portion of the price increases may be accounted for as the effects of the uncompetitive structure of the coal and uranium markets. (LTN)« less" @default.
- W1567881874 created "2016-06-24" @default.
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- W1567881874 date "1977-06-14" @default.
- W1567881874 modified "2023-09-27" @default.
- W1567881874 title "Structure of the energy markets: a report of TVA's antitrust investigation of the coal and uranium industries, 1979 update" @default.
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