Governmental Intervention in the Market Mechanism: the Petroleum Industry: Federally owned oil and gas lands on the outer continental shelf, August 11 and 13, 1970

Governmental Intervention in the Market Mechanism: the Petroleum Industry: Federally owned oil and gas lands on the outer continental shelf, August 11 and 13, 1970

Reviews economic impact of Federal regulations on the petroleum industry. Focuses on crude oil supplies, domestic competition, restrictions on less expensive foreign crude oil imports, the need to maintain higher domestic prices as development incentive and regional allocation inequities, especially in the Northeast.
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