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FTC Eyes Energy Company Mergers in Antitrust Probe
The FTC began a two year study of energy industry concentration amid allegations mergers reduce competition and raise profits. It plans analysis of Continental Oil Co. and Consolidation Coal Co. merger and probes possible collusion in Louisiana gas reserves while urging Congress to study ownership of energy reserves and long run supply.
MENTIONED IN THIS ARTICLE
Washington
Federal Trade Commission
FTC
Senate Committee
Cuanman
Joint Economic Committee
Kirkpatrick
Investigative Commission
Lems
Miles W
Continental Oil Co
Consolidation Coal Co
Consolidation Coal
United States
Philip A. Hart
D-Mich
Senate Antitrust and Monopoly
William Bianereninn
Winshaleman
Louisiana
Congress