RE: Alaska and the BP ARCO Merger

["Shugarman, Keith D" <KShugarman@gph.com>]

They also may be interested in the reading the oligopsony allegations in the
DoJ's recent complaint and CIS in the Pru/Aetna merger. 

-----Original Message-----
From: rlande@UBmail.ubalt.edu [mailto:rlande@UBmail.ubalt.edu]
Sent: Friday, September 10, 1999 1:59 PM
To: Multiple recipients of list ANTITRUST
Subject: Re: Alaska and the BP ARCO Merger


He might have a good monopsony argument.  Woods Exploration and other
cases hold that, even if there will be no effect on final price to
consumers, if the merger will result in subcompetitive prices paid to
suppliers, it should be enjoined.  A rare occurance, but if the facts fit,
it is a good argument.

If he would like to talk, he can call me (today at 301-585-5229; Monday
at 410-837-4538.)  Last year a student did a paper on the antitrust
treatment of monopsony that he might want to read.

Bob Lande


On Fri, 10 Sep 1999, James Love wrote:

> Stephen Conn (akpirg@akpirg.org, 907.278.3661) is looking for help in
> determining possibilities for stopping the BP Arco merger, on the
> grounds that the merging parties potential control of more than 70
> percent of the TAPS pipeline and North Slope Oil production will lead to
> exploitation of land owners on the North Slope.  The land owners on the
> North Slope are the US federal government, the State of Alaska and the
> Alaska Inuit population.  
> 
> US citizens will potentially earn lower royalties and other payments
> from federal lands, as will the entire population of Alaska, which
> currently has a direct stake in North Slope oil production from state
> lands through earnings from the Alaska Permanent fund.  (The Permanent
> Fund is endowed through a share in royalty payments, and earnings from
> the fund now are paid directly to Alaska citizens, about $1,700 per
> person will be distributed this year).
> 
> 
>   Jamie
> 
> -- 
> James Love, Director, Consumer Project on Technology
> I can be reached at love@cptech.org, by telephone 202.387.8030,
> by fax at 202.234.5176. CPT web page is http://www.cptech.org
>