Oil Industry Facing Mounting Antitrust Challenges

Law360, New York (April 21, 2006, 12:00 AM EDT) -- For customers, things just keep getting worse at the gas pump. But with recent calls in Congress for an investigation into possible anti-competitive practices in the oil industry and a Supreme Court reluctant to place blame, the jury is still out on whether antitrust policy will need to be revamped in the face-off between oil giants and the public.

Earlier this year, the U.S. Supreme Court handed down a decision validating pricing decisions of a joint venture owned by two oil companies that had previously been...
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