Huntsman Calls for Investigation of Oil 'Monopoly'

By: Steve Peoples, Associated Press
By: Steve Peoples, Associated Press

Durham, NH (AP) - Republican presidential candidate Jon Huntsman says federal officials must investigate what he calls a monopoly in the oil industry.

The former Utah governor won't blame specific companies but compares the situation to media company domination in the 1970s that required government intervention. He wants the Federal Trade Commission and Senate Judiciary Committee to launch a speedy review of the oil industry.

Ending the monopoly is among the priorities for an energy policy Huntsman outlined at the University of New Hampshire Tuesday afternoon. He calls for more oil drilling in Alaska and elsewhere, less government regulation and investment in new technologies.


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