Petroleum, Hearing Before a Subcommittee ... on S. 790 and H.R. 5366 ... April 27 - May 3, 1937 |
From inside the book
Results 1-5 of 84
Page 4
... tion . I am glad to be able to tell you that there has been an increased appreciation of this fact by the State conservation authorities and by the industry . My views regarding the conservation of oil and gas , I think , are well known ...
... tion . I am glad to be able to tell you that there has been an increased appreciation of this fact by the State conservation authorities and by the industry . My views regarding the conservation of oil and gas , I think , are well known ...
Page 7
... tion and this achievement in conservation . In recent correspondence Governor Leche of Louisiana has in- formed me that he is determined to protect the natural resources of that State and to prevent unnecessary waste and that orders sim ...
... tion and this achievement in conservation . In recent correspondence Governor Leche of Louisiana has in- formed me that he is determined to protect the natural resources of that State and to prevent unnecessary waste and that orders sim ...
Page 10
... tion to protect themselves much more so than the nonintegrated com- panies . They had large reserves of capital , and I think that I am well within the truth in saying that the chief assistance that the Federal Government has rendered ...
... tion to protect themselves much more so than the nonintegrated com- panies . They had large reserves of capital , and I think that I am well within the truth in saying that the chief assistance that the Federal Government has rendered ...
Page 11
... tion . That is one of the purposes of it . Secretary ICKES . No , Congressman ; the Connally Act does not have the effect , if I may say so , of limiting production . If there is any limitation of production it is by the States . Mr ...
... tion . That is one of the purposes of it . Secretary ICKES . No , Congressman ; the Connally Act does not have the effect , if I may say so , of limiting production . If there is any limitation of production it is by the States . Mr ...
Page 12
... tion . There is an import tax ; and so far as the law is concerned , any oil which pays that import tax will be permitted to enter the country . Mr. WOLVERTON . What amount is being imported now as compared to the amount that is ...
... tion . There is an import tax ; and so far as the law is concerned , any oil which pays that import tax will be permitted to enter the country . Mr. WOLVERTON . What amount is being imported now as compared to the amount that is ...
Common terms and phrases
amendment amount Association average barrels barrels a day BAUCUM Boren branch BROWN cents per gallon Chairman COLE commission agent committee compact competition Congress Connally Act Connally bill Connally law conservation conservation laws consumer crude oil crude petroleum dealers demand duction east Texas field effect enactment enforce fact February 22 Federal Government foreign FREMMING FREY fuel oil HADLICK HOLLAND hot oil imports increase independent jobbers indicate integrated companies interested interstate commerce legislation major companies major oil companies MAPES mean oil industry oil marketers oil produced Oklahoma operation percent permanent petroleum industry petroleum products PETTENGILL present President price of crude price of gasoline profit proration question reason refinery refining regulation reserves retail SCHOCK SCHUH Secretary ICKES sell Senate situation stabilization statement stripper sumer supply SWANSON Tender Board THOMPSON tion understand WOLVERTON
Popular passages
Page 91 - From and after May first, nineteen hundred and eight, it shall be unlawful for any railroad company to transport from any State, Territory, or the District of Columbia, to any other State, Territory, or the District of Columbia, or to any foreign country, any article or commodity, other than timber and the manufactured products thereof, manufactured, mined, or produced by it, or under its authority, or which it may own in whole, or in part, or in which it may have any interest direct or indirect...
Page 145 - person" means an individual, a corporation, a partnership, an association, a joint-stock company, a trust, any unincorporated organization, or a government or political subdivision thereof. As used in this paragraph the term "trust...
Page 92 - Resolved, That copies of this resolution be sent to the Members of the United States Senate and House of Representatives from the upper Midwest area and that they be urged to give this proposed legislation their interest and support.
Page 91 - Columbia, or to any foreign country, any article or commodity, other than timber and the manufactured products thereof, manufactured, mined, or produced by it, or under its authority, or which it may own in whole, or in part, or in which it may have any interest direct or indirect except such articles or commodities as may be necessary and intended for its use in the conduct of its business as a common carrier.
Page 146 - That the provisions of this Act shall apply to any corporation or any person or persons engaged in the transportation of oil or other commodity, except water and except natural or artificial gas, by means of pipe lines, or partly by pipe lines and partly by railroad, or partly by pipe lines and partly by water, who shall be considered and held to be common carriers within the meaning and purpose of this Act...
Page 205 - That copies of these resolutions be sent by the Secretary of the Commonwealth to the presiding officers of both branches of Congress and to each of the Senators and Representatives in Congress from Massachusetts.
Page 1 - The pertinent point is that where the subject of commerce is one as to which the power of the State may constitutionally be exerted by restiction or prohibition in order to prevent harmful consequences, the Congress may, if it sees fit, put forth its power to regulate interstate commerce so as to prevent that commerce from being used to impede the carrying out of the State policy.
Page 208 - That it is hereby declared to be the policy of Congress to protect interstate and foreign commerce from the diversion and obstruction of, and the burden and harmful effect upon, such commerce caused by contraband oil as herein defined, and to encourage the conservation of deposits of crude oil situated within the United States. SEC. 2. As used in this Act — (1) The term "contraband oil...