US Senator Mulls Plan to Rein in Big Oil, OPEC

With the chiefs of big U.S. energy companies headed to Capitol Hill next week to discuss record profits, a key U.S. Republican senator is weighing a plan to discourage mergers and profiteering.

Senate Judiciary Committee Chairman Arlen Specter of Pennsylvania is drawing up legislation that would boost federal authority to block oil and gas mergers and prosecute companies that try to exacerbate supply shortages, according to a draft distributed by the committee on Thursday.
Reuters