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Canada: Former competition investigator reveals workings of oil monopolization

By  |  October 29, 2012

Former Competition Bureau investigator John Grant has earned invaluable and often-times unique insight into Canada’s gas industry. But seven years after his retirement, Grant has decided to open up about some of those insights, specifically to call attention to the industry’s common practice of monopolization and price-fixing. In an interview, Grant shows reporters the effects of those practice –on average, an oil refinery shuts down every 16 months, for example, due to companies’ strategy to “control the supply” of oil in order to fix prices.

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