Terence Daintith

Finders Keepers?

How the Law of Capture Shaped the World Oil Industry

Ebook (EPUB Format)

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 potentia… Mehr

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Produktdetails

ISBN: 978-1-136-52283-3
EAN: 9781136522833
Produktnummer: 13860914
Verlag: Taylor & Francis Ltd.
Sprache: Englisch
Erscheinungsjahr: 2010
Seitenangabe: 520 S.
Plattform: EPUB
Masse: 3'294 KB
Auflage: 1. Auflage

Über den Autor

Terence Daintith is the former director of the University of London's Institute of Advanced Legal Studies. He is a visiting professor at the University of Western Australia and at the University of Melbourne Law School, and is co-editor of the standard treatise on United Kingdom oil and gas law.