Testimony analyzing market power in the petroleum industry

On behalf of an oil refiner, presented testimony before the Federal Energy Regulatory Commission analyzing the market power held by a refined petroleum products pipeline seeking market based rates. Analysis focused on the competitiveness of alternatives to the pipeline from the refiner’s perspective and the ability of the pipeline to increase prices in its destination markets. This analysis focused on the competitiveness of several geographic markets as well as how contracting between entities affected the substitutability of alternatives in the market.