United States Oil Policy, 1890-1964

Business and Government in Twentieth Century America

Author: Gerald D. Nash

Publisher: University of Pittsburgh Pre

ISBN: 0822975742

Category: History

Page: 300

View: 7267

Gerald D. Nash offers a balanced survey on American oil policies over a seventy-five year span, and places in historical perspective the controversies of government- business relations that have resulted from oil depletion and surplus allowances. Focusing on a single industry, Nash provides a valuable study on the government's role in private economic activity. He concludes that Americans have given the government great power in regulating the nation's industries, and in particular, as they relate to defense considerations, and the laws of supply and demand within American borders, and internationally.

Finders Keepers?

How the Law of Capture Shaped the World Oil Industry

Author: Terence Daintith

Publisher: Routledge

ISBN: 1933115831

Category: History

Page: 500

View: 6334

Since the beginnings of the United States oil industry 150 years ago, production activity has been governed by the law of capture, dictating that a driller owns the oil drilled from his/her property even if the oil has migrated from under neighboring land as a result of the drilling process. This finders keepers principle has been excoriated by foreign critics as theft and as a law of the jungle and has been blamed by American commentatorsâand the oil industry itselfâas the root cause of the enormous waste of oil and gas resulting from U.S. production methods in the first half of the 20th century. Yet while in almost every other country the law of capture is today of only marginal significance, in the United States it continues to operate, and indeed to underpin the system of production regulation, with potentially wasteful results. In this meticulously researched and richly documented account, Terence Daintith adopts a historical and comparative perspective to show how legal rules, technical knowledge (or the lack thereof) and political events and ideas combined to shape attitudes and behavior in the business of oil production. He explains both the original adoption of the law of captureânot just in the United States but in other countries as wellâand the paths of legal and political development that have led to its consolidation in the United States and its marginalization elsewhere. In contrasting these histories of the law of capture, the book raises the question of whether the U.S. can reduce waste in production without abandoning its deeply-rooted attachment to private property rights in oil and gas.

Petroleum Conservation in the United States

An Economic Analysis

Author: Stephen Macdonald

Publisher: Routledge

ISBN: 1135986657

Category: Business & Economics

Page: 279

View: 1495

The author develops an economic framework for analyzing state regulation of oil and gas and concludes that existing regulations fall short of assuring optimum well spacing, production rates, use of associated gas, and exploration. Originally published in 1971.

Unitization of Oil and Gas Fields in Texas

A Study of Legislative, Administrative, and Judicial Policies

Author: Jacqueline Lang Weaver

Publisher: Routledge

ISBN: 1135987149

Category: Business & Economics

Page: 555

View: 5236

By 1985, every oil and gas-producing state but Texas had passed a 'unitization' statute requiring cooperation among the various owners of oil and gas reserves. Using interviews, legislative transcripts, and statistical data, Jacqualine Lang Weaver attempts to explain why Texas failed to enact such a statute – aimed at encouraging the most efficient recovery of resources – and how Texas has managed to achieve substantial unitization nonetheless. Originally published in 1986.

Price Increases in Petroleum Products

Hearings Before a Subcommittee of the Committee on Banking and Currency, United States Senate, Eighty-first Congress, First Session ... June 29 and 30, 1949

Author: United States. Congress. Senate. Committee on Banking and Currency

Publisher: N.A


Category: Petroleum industry and trade

Page: 139

View: 5062