Ri-chard Loc: 23322

'Wanton use of authority' actually 'threatens American security'.

The FTC is currently blocking at least four mergers and acquisitions in the industry – between Chesapeake Energy and Southwest Energy, Chevron and Hess, Exxon and Pioneer Natural Resources, and Occidental and Crown Rock. The allegation is that mergers of these American companies would limit competition and hurt consumers. Count me unconvinced. The only unusual aspect of these deals is the lengths the FTC is willing to go to stop them. For an example of the unprecedented nature of this obstruction, Occidental (or “Oxy”) completed an acquisition valued at $57 billion less than four years ago gaining FTC approval about one month after it was announced. The FTC has now delayed Oxy’s deal with Crown Rock, which is less than one-fourth the size of the earlier acquisition, for more than six months. And there appears to be no light at the end of the tunnel.

https://www.wnd.com/2024/04/appease-environmentalists-ftc-will-cripple-u-s-energy/?utm_source=wnd-news-alerts.beehiiv.com&utm_medium=newsletter&utm_campaign=morning-news-alert-4-28-2024

billlingle

I agree that allowing fewer and fewer players within a market is bad for consumers but see too much self interest within the FTC and the Federal Reserve, for that matter. Having those in position to make decisions over issues in which they very likely have personal interest is certainly a guarantee that the decision will not be made with the betterment of the American people in general as a goal.

Ri-chard Loc: 23322

Indeed , a good observation.

MidnightRider

Did you know the FTC was a criminal enterprise? Of course you did, they work for the Big Guy. I have something personal there. Take heed, they are hackers. No, they couldn't hack me, the gov't trained me too well.

billlingle

You sound more like a lunatic to me. Nothing personal, of course.

okie don

We all 'walk to beats of different drummer's
Thank goodness.

billlingle

Fat Donny's drummer is playing a trombone.