Antitrust case dropped
Treason, said Talleyrand, is only a matter of timing. So is being a big bad oil jompany. Six years ago when gasoline prices were heading skyward, the Justice Department started an investigation of oil companies for alleged price rigging of Persian Gulf crude flowing into the U.S. Later the case was narrowed to the four U.S. majors who owned and operated Aramco, the Arabian American Oil Co., which pumps Saudi Arabian oil. Last week the Government dropped the case, saying that the firms, Exxon, Mobil, Texaco and Standard Oil Co. of California, no longer had a major influence on...
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