Finders Keepers?: How the Law of Capture Shaped the World Oil Industry

by Terence Daintith

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...

• Format: Paperback
• Language: English
• ISBN: 1933115831
• ISBN13: 9781933115832
• Release Date: August 2010
• Publisher: Routledge
• Length: 520 Pages
• Weight: 0.05 lbs.
• Dimensions: 1.3" x 6.1" x 9.1"