Article: Exxon-Mobil Merger Won't Yield Higher Oil Prices, Analyst Says.

Knight Ridder/Tribune Business News

Dec. 2 -- W. Neal McAtee, oil exploration and supply analyst for Morgan Keegan & Co. in Memphis, answered questions Tuesday about the proposed Exxon-Mobil merger.

QUESTION: Will the merger of Exxon and Mobil mean higher oil prices for consumers?

ANSWER: Wholesale prices are cheaper on an inflation adjusted basis than they have ever been. Retail, I'm not sure because of all the taxes that have been added (to the price of oil products) in the past few years, but maybe they are as low on an inflation adjusted basis since maybe the '50s.

Two big companies getting together is not going to alter that.

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