Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 2 of 2
Full-Text Articles in Law
Horizontal Divestiture In The Petroleum Industry, Jesse W. Markham, Anthony Hourihan
Horizontal Divestiture In The Petroleum Industry, Jesse W. Markham, Anthony Hourihan
Vanderbilt Law Review
"Divestiture" as applied to the oil industry has now clearly come to mean different things to different people, and often different things to the same people. On the one hand it has taken on all the attributes of a political slogan, very much like the "free silver"battle cry of the 1890's. It inspired the introduction of over twenty bills in the Ninety-Fifth Congress and served as a plank in the Democratic Party's platform of 1976, providing the one rallying point for the dozen or so candidates who sought the party's presidential nomination. In fact, during the autumn of 1976 political …
Petroleum Dismemberment, Stark Ritchie
Petroleum Dismemberment, Stark Ritchie
Vanderbilt Law Review
This article endeavors to explain the rationale of vertical integration, to discuss some of the arguments surrounding divestiture,and to describe the consequences of divestiture if S. 2387 becomes law. The following discussion shows that careful examination of the structure and performance of the petroleum industry fails to yield any conclusive evidence of inordinate monopoly power. On the contrary, the economic indicia strongly suggest that at the very least the industry is "workably competitive" at all stages.' Further, the contention that divestiture would strengthen this nation's interests vis-a-vis the Organization of Petroleum Exporting Companies nations has been dispelled. Thus the grounds …