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The Intersection of Energy and Competition Law in the USA

机译:美国能源与竞争法交叉点

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摘要

The Sherman Act, with its origin in the Populist and Progresive eras, was enacted to break up 'trusts' like the Standard Oil Company, a vertically and horizontally integrated exploration and production company. Over 100 years later, the DOJ challenged the proposed merger of Halliburton and Baker Hughes, two oil-field services companies. The government feared that the merger would potentially raise prices of servces provided by these companies to E&P companies, which are some of the largest corporations in the world and include many direct descendants of Standard Oil. Energy is of great importance to the US economy. As a result, it is closely scrutinized by the US antitrust agencies-the Department of Justice and Federal Trade Commission. This article summarizes US antitrust laws and their origins, describes recent changes in the oil and gas industry, explains how those changes have influenced the enforcement articles of the DOJ and FTC, reviews the current industry and antitrust trends, identifies likely enforcement activity in the near future and discusses the potential effect of the US's 2016 Presidential election on antitrust enforcement.
机译:制定了谢尔曼法案,该法案起源于民粹主义时代和进步主义时代,旨在打破“信托”,例如纵向和横向一体化的勘探和生产公司标准石油公司。 100多年后,美国司法部对两家油田服务公司Halliburton和Baker Hughes的拟议合并提出了质疑。政府担心合并可能会提高这些公司向勘探与生产公司提供的服务价格,勘探与生产公司是世界上最大的一些公司,其中包括许多标准石油公司的直接后代。能源对美国经济至关重要。结果,它受到美国反托拉斯机构(司法部和联邦贸易委员会)的严格审查。本文概述了美国反托拉斯法及其起源,描述了石油和天然气行业的最新变化,解释了这些变化如何影响了司法部和FTC的执法条款,回顾了当前的行业和反托拉斯趋势,确定了近期可能发生的执法活动未来,并讨论了美国2016年总统大选对反托拉斯执法的潜在影响。

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