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Full-Text Articles in Oil, Gas, and Mineral Law
Rebuilding The Texas Railroad Commission, James W. Coleman
Rebuilding The Texas Railroad Commission, James W. Coleman
Faculty Journal Articles and Book Chapters
This article explains how the Railroad Commission of Texas became the world’s most prominent oil and gas regulator and how it can become the world’s role model again. It explains how the Railroad Commission built the world’s modern oil and gas industry by stopping oil and gas waste and ensuring stable prices. And it describes the crisis now facing the industry—overproduction of oil and gas is wasting resources that will be worth more in the future. The United States is emerging from the biggest oil and gas boom that the world has ever seen and its production now dwarfs that …
The Future Of Oil And Gas Law, John S. Lowe
The Future Of Oil And Gas Law, John S. Lowe
Faculty Journal Articles and Book Chapters
Author’s thesis is simple: Oil and gas jurisprudence has a bright future. We live in a hydrocarbons world, and our economic system is not going to change dramatically overnight; we will continue to live in a world powered and heated by hydrocarbons for at least the next twenty years. In fact, world demand for oil and gas is likely to increase substantially. From the turn of the twenty-first century until mid-2008, the world watched as oil prices first inched upwards and then surged. The high energy costs that energized us until a year and a half ago (and that appear …