DOE"s enforcement of alleged pricing violations by the nation"s major oil companies
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DOE"s enforcement of alleged pricing violations by the nation"s major oil companies hearing before a subcommittee of the Committee on Government Operations, House of Representatives, Ninety-seventh Congress, first session, July 9, 1981. by United States. Congress. House. Committee on Government Operations. Environment, Energy, and Natural Resources Subcommittee.

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Published by U.S. G.P.O. in Washington .
Written in English



  • United States.


  • United States. Dept. of Energy.,
  • Petroleum products -- Prices -- United States.

Book details:

Edition Notes

Item 1016-A, 1016-B (microfiche)

LC ClassificationsKF27 .G655 1981g
The Physical Object
Paginationiii, 64 p. ;
Number of Pages64
ID Numbers
Open LibraryOL3922463M
LC Control Number81603864

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  The below list of major SEC enforcement actions (–12) reflects major actions that the Enforcement Division of the United States Securities and Exchange Commission (SEC) brought in – The SEC is a federal agency of the United States. It holds primary responsibility for enforcing the federal securities laws and regulating the securities industry, the nation's stock and options. The Foreign Corrupt Practices Act of (FCPA) (15 U.S.C. § 78dd-1, et seq.) is a United States federal law that prohibits U.S. citizens and entities from bribing foreign government officials to benefit their business interests.. The FCPA is applicable worldwide and extends specifically to publicly traded companies and their personnel, including officers, directors, employees, shareholders Enacted by: the 95th United States Congress. EPA and the U.S. Department of Justice announced that Sunoco Pipeline, L.P. (Sunoco) has agreed to pay a civil penalty and implement corrective measures for alleged violation of the Clean Water Act stemming from a crude oil spill from Sunoco’s Barbers Hill, Texas facility and a crude oil spill from Sunoco’s Cromwell, Oklahoma.   Walmart's alleged violation of the Foreign Corrupt Practices Act (FCPA) in Mexico raises the profile of the controversial law to a new level. Some U.S. businesses have long questioned whether the FCPA is an appropriate impediment to doing business abroad in a world where acceptable and widely practiced behavior is different in many countries.

violation of the Regulations was about to occur or intended to occur in connection with the items.” NOV had obtained a BIS license for only a portion of the items shipped. Conclusion These enforcement actions underscore the value of maintaining adequate compliance procedures for companies that operate in high-risk regions. Over the years, Standard Oil broke into several different companies, and ExxonMobile merged with several of these to become one of the most profitable companies in the world. Many antitrust cases look to these three infamous cases as precedent or as influence when making current decisions regarding monopoly and anti-competitive strategies.   Laban Konsyumer Inc. (LKI) earlier filed a complaint with the Philippine Competition Commission (PCC) against 15 oil companies for alleged price-fixing collusion and cartel. known as a price maintenance agreement and is subject to the rule-of-reason test to determine whether it is a violation of Section 1 of the Sherman Act. Best Burger, Speedy Grill, and Fast Food are competitors in the Boston area.

  The Securities and Exchange Commission today announced that St. Louis-based agribusiness Monsanto Company agreed to pay an $80 million penalty and retain an independent compliance consultant to settle charges that it violated accounting rules and misstated company earnings as it pertained to its flagship product Roundup.   Companies Operating In the Oil and Gas Industry Have Been Put On Notice Since at least , the U.S. government has been aggressive in pursuing oil and gas companies . A: A uniform, simultaneous price change could be the result of price fixing, but it could also be the result of independent business responses to the same market conditions. For example, if conditions in the international oil market cause an increase in the price of crude oil, this could lead to an increase in the wholesale price of gasoline.   The company is active in both Asia and Africa and has shares in other oil companies worldwide. It produced million barrels of crude oil per day in .