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Judge urges new probe as FTC probe of oil antitrust eyed
Federal administrative law judge Alvin L. Berman urged dropping the antitrust case against Exxon Gulf Shell Texaco Mobil ARCO Standard Oil of California and Standard Oil of Indiana and launching a broad industry investigation. He said the energy crisis has grown since July 1978 and cannot be resolved within the current proceeding, while noting the potential for major industry restructuring. The FTC's Bureau of Competition sought divestitures and restructuring, but no immediate action followed.
MENTIONED IN THIS ARTICLE
John Stowell
Washington
Federal Trade Commission
Alvin L. Berman
FTC
Berman
Commission
Exxon
Gulf
Shell
Texaco
Mobil
Atlantic Richfield
Standard Qi
California
Standard Oi
Indiana