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The Vertical Integration of Oil Firms

  • Michael E. Canes

Abstract

Recent events in world petroleum markets have focused attention on the vertical integration of oil firms. In the United States, Congressional hearings have inquired into the consequences of oil industry vertical integration.1 Bills are presently before the Congress to force integrated oil firms to divest themselves of parts of their holdings.2 And a complaint has been brought by the Federal Trade Commission against eight large vertically integrated United States oil firms.3 In addition, recently enacted United States tax legislation and recently proposed price-control legislation seem intended to discourage oil industry integration.4

Keywords

Vertical Integration Pipeline Transportation Vertical Integra Refinery Capacity Pipeline Investment 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Michael Allingham and M. L. Burstein 1976

Authors and Affiliations

  • Michael E. Canes

There are no affiliations available

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