Since the beginnings of the oil industry, production activity has been governed by the 'law of capture,' dictating that one owns the oil recovered from one's property even if it has migrated from under neighboring land. This 'finders keepers' principle has been excoriated by foreign critics as a 'law of the jungle' and identified by American commentators as the root cause of the enormous waste of oil and gas resulting from US production methods in the first half of the twentieth century. Yet while in almost every other country the law of capture is today of marginal significance, it continues in full vigour in the United States, with potentially wasteful results.
In this richly documented account, Terence Daintith adopts a historical and comparative perspective to show how legal rules, technical knowledge (or the lack of it) and political ideas combined to shape attitudes and behavior in the business of oil production, leading to the original adoption of the law of capture, its consolidation in the United States, and its marginalization elsewhere.
"synopsis" may belong to another edition of this title.
"About this title" may belong to another edition of this title.
Shipping:
US$ 5.22
From United Kingdom to U.S.A.
Book Description Condition: New. Book is brand new and shrink wrapped. Seller Inventory # 26pal292x
Book Description paperback. Condition: New. Language: ENG. Seller Inventory # 9781933115832
Book Description Paperback / softback. Condition: New. New copy - Usually dispatched within 4 working days. Seller Inventory # B9781933115832
Book Description Condition: New. Book is in NEW condition. 1.94. Seller Inventory # 1933115831-2-1
Book Description Condition: New. New! This book is in the same immaculate condition as when it was published 1.94. Seller Inventory # 353-1933115831-new
Book Description Paperback. Condition: Brand New. 1st edition. 432 pages. 9.21x6.14x1.42 inches. In Stock. Seller Inventory # __1933115831