The huge corporations that dominate the U.S. oil industry have long occupied one of the most lucrative areas in the American economy. Because they are so powerful and pervasive, they have been under almost constant Government scrutiny—and the investigations have intensified as a result of the nation's first peacetime gasoline shortages. Last week the Federal Trade Commission filed a massive antitrust complaint, charging the nation's eight largest oil companies with illegally monopolizing refining, driving competitors out of business, aggravating recent gasoline scarcities and reaping excessive profits. The complaint may drag through courts and hearing rooms for years, but it...
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