Energy Industry Consolidation

The Senate Judiciary Committee held a hearing on energy industry consolidation. A panel of legal experts and regulators, as well as a… read more

The Senate Judiciary Committee held a hearing on energy industry consolidation. A panel of legal experts and regulators, as well as a panel of oil industry executives testified about the state of competition in the industry, impact of several recent corporate mergers, and potential affects on consumers. Committee members were often critical of industry practices saying that mergers among major firms in recent years had lead to price gouging and other collusive behavior and that there was a strong correlation between soaring fuel costs and a rise in the concentration of oil and gas companies. Energy industry executives, who were sworn in at the beginning of their testimony, were warned that their actions could lead to strong antitrust legislation that would make it illegal to withhold fuel from the market in an attempt to lift prices, and also impose new limits on oil mergers. close

*The transcript for this program was compiled from uncorrected Closed Captioning.

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Energy Industry Consolidation

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Program ID:
191611-1
Category:
Senate Committee
Format:
Senate Committee
Location:
Washington, District of Columbia, United States
First Aired:
Mar 14, 2006
Last Aired:
Mar 18, 2006

Airing Details

  • Mar 14, 2006 | 10:30am EST | C-SPAN 1
  • Mar 14, 2006 | 12:41pm EST | C-SPAN 1
  • Mar 14, 2006 | 8:00pm EST | C-SPAN 2
  • Mar 15, 2006 | 12:02am EST | C-SPAN 1
  • Mar 16, 2006 | 6:31pm EST | C-SPAN 3
  • Mar 17, 2006 | 3:29pm EST | C-SPAN 1
  • Mar 18, 2006 | 3:20am EST | C-SPAN 2
  • Mar 18, 2006 | 10:03am EST | C-SPAN 1
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