《CANADA'S OIL MONOPOLY THE STORY OF THE $12 BILLION RIP-OFF OF CANADIAN CONSUMERS》

VOLUME I: FINDINGS, ISSUES AND REMEDIES1

PART A. The Canadian Petroleum Industry3

1. Introduction3

2. The Structure of the Petroleum Industry16

3. The Development of the Industry35

PART B. The Findings of the Inquiry51

1. Introduction51

2. The International Sector51

3. The Production Sector61

4. The Refining Sector69

5. The Marketing of Gasoline78

6. Vertical Linkages99

PART C. Current Problems in the Canadian Petroleum Industry103

PART D. Issues and Remedies115

1. Introduction115

2. The International Sector116

3. The Production and Pipeline Sector119

4. The Refining Sector121

5. Exclusionary Practices in Monopolistic and Oligopolistic Industries124

6. The Marketing and Refining Sectors－Achieving Structural Change133

7. Regulation and Competition138

8. Conclusion140

Extra Cost to Canadians of Petroleum Industry Performance, by Source, 1958-1973142

VOLUME II: THE DOMESTIC SECTOR: AN OVERVIEW OF THE ENVIRONMENT, INDUSTRY BEHAVIOUR, AND PERFORMANCE155

A. Introduction157

B. The Development of the National Oil Policy160

1. The Changing Environment of the late Nineteen Fifties160

2. The Multinationals’ Objectives164

3. The Pricing Dilemma169

4. The National Oil Policy and the Combines Investigation Act171

C. The Course of the National Oil Policy in the Nineteen Sixties172

1. The Threat of Foreign Competition Under the National Oil Policy172

2. Industry Pressure for Protection176

3. The Changing Environment of the late Nineteen Sixties186

4. Industry Pressure for a “Continental Energy Policy”189

5. Summary196

E. An Evaluation of Industry Performance in Crude Markets200

F. The Performance of Product Markets in the Presence of the National Oil Policy205

G. Conclusion228

VOLUME III: INTERNATIONAL LINKAGES: CANADA AND THE WORLD PETROLEUM MARKET231

A. Introduction233

B. Market Structure234

C. Vertical Integration and the Transfer Pricing Policy of the Multinational Oil Companies242

1. Transfer Pricing Policy and Performance242

2. The Harmonizing of Crude Oil Transfer Pricing Policies248

3. The Transfer Pricing Policy of Imperial Oil250

4. The Transfer Pricing Policy of Texaco268

7. The Transfer Pricing Policies of Sun Oil, and Irving279

D. An Evaluation of the Detrimental Effect of the High Crude Transfer Prices283

E. Conclusion284

VOLUME IV: CANADA’S OIL PRODUCTION SECTOR289

A. Introduction291

B. The Mechanism For Establishing Crude Oil Prices292

1. Introduction292

2. The Main Pricing Formula294

C. Subsidiary Arrangements313

1. Introduction313

G. The Pipeline Sector315

1. Introduction315

3. Pipelines and Co-ordination317

4. Prorationing319

5. Price Discrimination321

6. Profitability327

7. Conclusion332

H. Summary333

VOLUME V: THE REFINING SECTOR339

A. Introduction341

B. The Relationship of the Refining Sector to other Levels of the Industry342

C. The Structure of the Industry354

1. Concentration in the Refining Industry354

2. The Pattern of Refinery Linkages363

D. The Organization of Refinery Linkages376

1. Introduction376

2. The Industry Model377

3. Relations Among Existing Refiners382

4. Supply Agreements and New Entrants392

5. Selective Supply and the Restriction of Supply to Price Competitive Marketers400

E. Summary424

VOLUME VI: THE MARKETING OF GASOLINE431

A. Introduction433

B. Market Structure438

1. The Atlantic Market440

2. The Quebec Market441

3. The Ontario Market446

4. The Prairie Market449

5. The Pacific Market452

6. Summary452

C. Competition in Marketing: An Overview455

D. Predation and Restrictive Trade Practices462

E. Containment of Independents in the Nineteen Fifties468

1. Niagara Falls470

2. St. Thomas471

3. Kitchener, Waterloo, Preston, Galt472

F. Marketing Efficiency and the Unbrandeds476

H. The Re-establishment of High Margins and the Common Use of Monopolistic Practices: 1965-73494

1. Introduction494

5. Imperial Oil－Marketing Practices518

I. The Majors’ Wholesale Policies and Their Implementation of a ‘Squeeze’ Aimed at the Independents546

5. Conclusion546

L. Summary549

Suny’s－An Example of Retail Price Control557

Perrette－A Case of Refusal to Deal572

The “Squeeze” on Independent Margins579

Letters to the Minister585

Company Profiles Of The Largest Petroleum Refiners-Marketers In Canada589

Glossary Of Terms615