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Oil Execs To Fuel Debate Over Antitrust Bill

Law360 (March 13, 2006, 12:00 AM EST) -- Senior oil executives are set to testify before the Senate Judiciary Committee on Tuesday about high oil and gas prices and competition in the industry, which are key parts of legislation proposed by Committee Chairman Arlen Specter, R-Pa.

The Petroleum Industry Antitrust Act of 2006, the draft bill released last Thursday, aims to slow energy price increases and to review oil and gas mergers that inhibit industry competition.

The proposal comes amid concerns that oil company mergers have contributed to the hike in prices and that...
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