“The rules these brokers made drove up costs and reduced the choice for consumers, and they violated federal law,” Jeffrey Schmidt, director of the F.T.C.’s competition bureau, said in a statement.”
How Not to Corner the Propane Market
By June 30, 2006
BP is under federal investigation for allegations that a group of executives plotted to corner the propane market. And corner they did, but instead of making $20 million, they lost $10 million.
