Petroleum Politics and the Texas Railroad Commission (Elma Dill Russell Spencer Foundation Series)

Petroleum Politics and the Texas Railroad Commission (Elma Dill Russell Spencer Foundation Series)The Single Most Important Domestic Source Of Oil And Gas Is Managed By The Texas Railroad Commission As A Result, The Commission Has For Decades Exerted A Profound Influence On United States And World Energy Policy This Influence May Even Increase With The Recent Decision To Remove Price Controls On Oil And Gas Commission Decisions Determine Where And When Oil And Gas Wells Are Drilled, How Much Can Be Produced From Them, And How The Products Can Be Transported Since The S The Commission Has Heavily Influenced Both The Supply And The Price Of Petroleum In The Rest Of The Country Simply Because Texas Provides Such A Large Proportion Of The United States Petroleum As Might Be Expected With The Management Of Resources Worth Billions Of Dollars, The Railroad Commission Has Been An Arena Of Intense Political Maneuvering David Prindle Examines In Detail Seven Policymaking Episodes, Covering Five Decades Of The Commission S History He Recounts The Economic And Political Cleavages Arising From Clashes Of Interest, The Efforts Of Individuals And Organizations To Exert Influence, The Motives And Methods Underlying The Policy Choices Of The Commissioners, And The Political And Economic Consequences Of Those Choices, Both For Texas And For The Rest Of The Country This Detailed Look At The Railroad Commission And The Politics Of Petroleum In Texas Will Be Of Interest To The General Public And All Those Involved In The Oil And Gas Industry Scholars And Students In The Field Of Policy Studies, Especially Energy Policy, Will Find This Book To Be An Invaluable Guide To An Important Sector Of The American Petroleum Industry

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  • Paperback
  • 240 pages
  • Petroleum Politics and the Texas Railroad Commission (Elma Dill Russell Spencer Foundation Series)
  • David F. Prindle
  • English
  • 03 September 2019
  • 9780292764897

15 thoughts on “Petroleum Politics and the Texas Railroad Commission (Elma Dill Russell Spencer Foundation Series)

  1. says:

    Entertaining History of Early Oil Production of Regulatory NonsenseHistory of the early years of the developing oil industry, written for the layman, with all the ins and outs of political shenanigans and regulatory incompetence Interesting description of major fields and their development Demonstrates how the Commission floundered on every issue, influenced by economic interests from property owning politicians and judges.Once issues and conflicts were or less worked out by all the multiple parties involved, taking years, the Commission agreed on rulings, claiming credit for resolving the issues Surprisingly, though reporting all of this, the author sees the Commission as a useful, honorable institution.Basically, the Commission acted to limit production per well and per property in order to keep the price of oil high This forced the large companies which found the oil to meet demand by buying from small producers and to extend their operations to ranches, farms, etc., and kept the price high enough to justify this.Politicians recognized that there were farmer and rancher votes than oil company votes And while this caused higher gasoline prices, the general public had no organization and little grasp of the political manipulations.

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