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Re: criticism of exxon-mobil proposed merger

To: antitrust@essential.org
Subject: Re: criticism of exxon-mobil proposed merger
From: James Love <love@cptech.org>
Date: Wed, 02 Dec 1998 10:49:05 -0500
Organization: http://www.cptech.org
References: <3664A440.6637@erols.com>
Sender: jamie@essential.essential.org

Steve Salop and Judy Gelman wrote:
> 
> Bob Lande said that perhaps Exxon would rather buy reserves than explore
> for more oil.  If that is their motivation, it would not
> anti-competitive.  A transaction that transfers assets from low value
> users to higher value users is efficiency enhancing.  If it is cheaper
> to buy reserves than hunt for them, efficiency is served by buying.


   Exxon hardly needs this merger to buy reserves.  Jamie


-- 
James Love, Consumer Project on Technology
P.O. Box 19367, Washington, DC 20036
202.387.8030; f 202.234.5176
http://www.cptech.org, mailto:love@cptech.org

References:
- Re: criticism of exxon-mobil proposed merger
  - From: Steve Salop and Judy Gelman <salop@erols.com>

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