The Industrial Reorganization Act: Hearings Before the Subcommittee on Antitrust and Monopoly of The.... |
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agreement allocation antitrust Apco average BANGERT barrels per day bill capital cents Chairman CHUMBRIS Commission Committee common carrier Company's competitive Congress consumers corporation cost crude oil crude production Dealer demand divestiture domestic crude economic effect energy equity facilities Federal Federal Trade Commission firms fuel oil gas production Government GRANFIELD HULBERT important increase independent marketers independent refiners interest investment Lease Lessee Lessee's major oil companies MEASDAY ment monopoly power motor fuel natural gas oil industry OLSEN operation panies percent period petroleum industry petroleum products Premises and Equipment price controls problem profits rate of return refinery refining capacity regulation reserves residual fuel residual fuel oil Senator HART Senator TUNNEY shipper-owned shippers shortage SIESS statement Subcommittee substantial Sun Oil Sun Oil Co Sun Oil Company termination testimony tion transportation U.S. Senate United unleaded gasoline vertical integration wellhead YANCEY
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6210 ページ - ... for resale for ultimate public consumption for domestic, commercial, industrial, or any other use, and to natural-gas companies engaged in such transportation or sale, but shall not apply to any other transportation or sale of natural gas or to the local distribution of natural gas or to the facilities used for such distribution or to the production or gathering of natural gas.
6339 ページ - Any action under this subsection may be brought in the district court of the United States for the district in which the defendant is located or resides or is doing business, and such court shall have jurisdiction to restrain such violation and to require compliance. Notice of the commencement of such action shall be given immediately to the appropriate State.
6110 ページ - For the purpose of this section, the term "refiner" shall not include any refiner whose total refinery capacity ( including the refinery capacity of any person who controls, is controlled by, or is under common control with, such refiner) does not exceed 65,000 barrels per day. For purposes of this section, "control" of a corporation means ownership of more than 50 percent of its stock.
6131 ページ - ... a substantial impact on the Nation's economy or large numbers of individuals or businesses, such proposed rule, regulation, or order may be promulgated in accordance with section 553 of title 5.
6131 ページ - Section 553 was enacted to give the public an opportunity to participate in the rule-making process. It also enables the agency to educate itself before establishing rules and procedures which have a substantial impact on those regulated.
6219 ページ - If each seeks his maximum profit rationally and intelligently, he will realize that when there are only two or a few sellers his own move has a considerable effect upon his competitors, and that this makes it idle to suppose that they will accept without retaliation the losses he forces upon them. Since the result of a cut by any one is inevitably to decrease his own profits, no one will cut, and, although the sellers are entirely independent, the equilibrium result is the same as though there were...
6105 ページ - THAT THE FEDERAL GOVERNMENT HAS A VERY IMPORTANT ROLE TO PLAY IN...
6204 ページ - Congress, it is hereby declared that the business of transporting and selling natural gas for ultimate distribution to the public is affected with a public interest, and that Federal regulation in matters relating to the transportation of natural gas and the sale thereof in interstate and foreign commerce is necessary in the public interest.
6221 ページ - Divestiture has been called the most important of antitrust remedies. It is simple, relatively easy to administer, and sure. It should always be in the forefront of a court's mind when a violation of § 7 has been found.
6027 ページ - July 20, 1951, and shall continue in full force and effect for a period of one year only, at the end of which year, namely, July 20, 1952, it will automatically terminate.