February 28, 2006
The Old Standard is Back

Damn! This means I’ve got to throw out the old one and buy a Newspeak dictionary. In the Gospel according to Clarence, price fixing isn’t price fixing:

The Supreme Court ruled Tuesday that Shell Oil Co. and Texaco Inc. cannot be held liable under the antitrust law for their now-defunct joint ventures that had been approved by the federal government and that set the selling price for gasoline. … Justice Clarence Thomas concluded in the seven-page opinion that it is not automatically illegal under the antitrust law for a lawful, economically integrated joint venture to set the prices at which the joint venture sells its products.

He said Equilon’s pricing policy may be price fixing in a literal sense, but it is not price fixing in the antitrust sense.

LINK HERE

stand1.jpg

Webding3.jpg

Posted by Buck Batard at February 28, 2006 11:53 AM
Email this entry to:


Your email address:


Message (optional):


Comments
Post a comment
Name:


Email Address:


URL:


Comments:


Remember info?