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Press Telegram in Long Beach, California

11 Apr 1974

Page 2

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Press Telegram

Location

Long Beach, California, United States of America

Date

Apr 11, 1974

Page

2

Oil firms joint ventures break antitrust law Cory says

Assemblyman Kenneth Cory charged that virtually every major oil company joint venture for exploration and drilling in California violates antitrust laws and urged Attorney General Evelle Younger to act. Cory cited the Long Beach field unit and noted multiple fields where firms operate as a unit, sharing information and coordinating output.

MENTIONED IN THIS ARTICLE

Cory Manet Cory Cory Bob Morettry San Francisco Kenneth Cory California D-Garden COPE Younger Israel Zes Commission U.S. Supreme Court Thums- Standard-Arco Long Beach Thums Texaco Humble Exxon Union Mobil Shell Standard OU of California Richfield ARCO Standard-Arco Standard and Arco
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Oil firms defend joint offshore bidding

Mobil and Gulf executives defended joint bidding before a House subcommittee, arguing it spreads risk and lowers costs for offshore ventures. They rebutted charges that cooperation stifles competition, noting independent bidders have risen in number and acreage acquired. Gulf vice president Hill cited offshore drilling as generally unprofitable for majors.

MENTIONED IN THIS ARTICLE

Washington Mobil Gulf House John Dingell D-Mich Henry K. Holland Jr Hill Holland Hall
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Also Mentioned on This Page

By Leif Erickson William L. Chaze Interior Department RIVA Schick Yardley Cosmetics Gpapud Villa Valencia Louisville King Reg John Cordoba Waring Hamilton Beach
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