Proposed Oil Mergers Will Improve Competition

The building of the Federal Trade Commission in downtown Washington DC.gettyUnder Chairperson Lina Khan, the Federal Trade Commission (FTC) has consistently used speculative consumer harms to justify regulatory actions. Unfortunately, these actions often stop mergers that would have improved consumer wellbeing and promoted greater innovation. Making these regulatory actions worse, the agency has too often used dubious justifications and novel theories, even overruling their own procedures to facilitate this ...