Oil And Antitrust

br Kaufman , B (Spring 1977 . : The inunct Cartel Case and the thrill struggle The Business History Review . 51 (1 . Pp . 35-56 In this article Burton Kaufman explores the history of the U .S Department of Justice s antimonopoly case against the American fossil petroleum cartels /conglomerates of the 1950s and 1960s . The guinea pig , originally brought to light in the 1950s , was to mete out these U .S . based companies foreign commerce practices which were in rape of the people s anti-trust laws . rock oil cartels like the ones shaped by U .S . oil company buryests had the effect of limiting trade and creating inequitable advantages to authoritative countries . In 1952 , under the Truman administration , the Justice surgical incision began the butt on of filing criminal indictments against the major oil companies including Standard Oil of New Jersey , Socony Mobil , Standard Oil of California , Texaco , and disconnect Oil .

They were accused of working with inter internal oil interests to monopolise and dominate the oil mart . There was little warrant trade opportunity as it was largely controlled by these companies alone Unfortunately for the means of antitrust legislation , the investigation coincided with the edifice tension of the Cold War and the employment of oil as a tool for the sphere of influence . Oil interests became national security interests as the U .S . saw the Soviet conglutination competing for oil distribution ambit and ex ploration in the place East . The Iranian o! il crisis of 1951 , when Iran nationalized its oil interests in result to the monopolistic practices of...If you want to obtain a full essay, ordinate it on our website: BestEssayCheap.com

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