Time to reconsider oil mergers:Senator Schumer

摘要

Washington-Reconsideration of oil company mergers in the last two decades"may be in order,"Senator Charles Schumer,Democrat-New York,said at a joint Senate-House hearing May 23."On the surface,it seems that Big Oil is pumping cash rather than petrol,strengthening profits rather than fixing rusty pipes,and they're using their dominant market positions to buy back their own stock rather than meet the growing demand for fuel in this country,"Schumer said at a hearing of the Joint Economic committee,which he chairs.