What Have the Oil Companies Been Up To?

Dietsch, Robert W.
September 1974
New Republic;9/28/74, Vol. 171 Issue 13, p16
Focuses on the gasoline crisis in the United States in which speculations are rife that oil barons had purposely created the shortage to boost prices and profits. Investigations by government officials and regulators on charges that the oil firms conspired to fix prices and marketing shares; Denials by companies of the charges; Indications of certain anticompetitive practices and tactics; Views that the common threads that pervade the oil industry are knowledge of one another's activities through a complex series of corporate agreements in joint bidding leases, joint production, joint ownership of pipelines, crude oil exchanges, refined product exchanges and possible sales or exchanges of marketing, transportation or refining facilities.


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