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Oil firms yield on pricing data demand in California
Five of the nation's largest oil companies agreed to supply all requested information to a legislative committee probing crude oil pricing. The accord ends a five month legal fight and allows de identification of sensitive material before review. The move follows concerns that state oil prices did not reflect true market value and possible antitrust issues. Atty General Younger signaled broader probes into monopolistic conditions in the industry.
MENTIONED IN THIS ARTICLE
Sacramento
Kenneth Cory
D-Garden Grave
Legislative Committee
Superior
Wiliam M. Gallagher
Texaco
Exxon
Union
Mobil
Standard
A. Alan Post
Cary
Cory
California
Public Domain Committee
Subcommittee
Tidelands
Long Beach
Shell
Atlantic Richfield
Evelle
Younger