“This is where the pipeline companies become kings,” said Ramanan Krishnamoorti, a petroleum engineering professor at the University of Houston.
to sell off a portion of the 26 petroleum terminals it was buying from Magellan in the southeastern United States so as to limit their control over that market. And in 2015 the FTC investigated Enterprise’s acquisition of the Houston oil storage company Oil Tanking, according to media reports. The FTC declined to comment.
“Magellan made some very strategic decisions to purchase a number of pipelines that allow them to arguably control the market into Houston,” he said. “If companies are not allowing open access, as they’re required to give, we are harming the industry as a whole and inviting greater scrutiny by the federal government.”
After a four-year fight, the Railroad Commission ruled that because the facility had not yet been built they did not have authority to force Magellan to allow the interconnection.
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