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Appendix II

United States. Congress. House. Select Committee on Small Business. Subcommittee No. 4 on Distribution Problems

Published: 1966

Total Pages: 970


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Investigates costs for refining and distributing gasoline to wholesale and retail outlets, to ascertain if petroleum industry is destructively competitive, as allegedly reflected in periodic "price wars" where gasoline is marketed without benefit of a fair profit. Examines complex competitive problems facing small, independent producers vis-a-vis large-scale producers; pt.2: Includes Mid-Continent Independent Refiners Association's "Petition for a Trade Regulation Rule for the Marketing of Gasoline," Mar. 1964 (p. 1033-1749).
Investigates costs for refining and distributing gasoline to wholesale and retail outlets, to ascertain if petroleum industry is destructively competitive, as allegedly reflected in periodic "price wars" where gasoline is marketed without benefit of a fair profit. Examines complex competitive problems facing small, independent producers vis-a-vis large-scale producers; pt.2: Includes Mid-Continent Independent Refiners Association's "Petition for a Trade Regulation Rule for the Marketing of Gasoline," Mar. 1964 (p. 1033-1749).
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.