CHAPTER 8: The FTC and Market Manipulation in Wholesale Petroleum Markets.

The article focuses on the development of the regulations imposed by the U.S. Federal Trade Commission (FTC) to prevent market manipulation in the petroleum industry. It explains that to avoid fraud, FTC issued a Final Rule which would illegalize any practice related to the sale of covered products at wholesale. It also concludes that due to the lack of manipulation in the market, the FTC devised the Final Rule to focus on fraud and not on regulating the operational decisions of the industry.