Governmental Intervention in the Market Mechanism: The Petroleum Industry. hearings before the United States Senate Committee on the Judiciary, Subcommittee on Antitrust and Monopoly, Ninety-First Congress, first session, on Mar. 11, 12, 24-26, Apr. 1, 2, 1969. Part 1, Economists' Views :

Reviews economic impact of Federal regulations on the petroleum industry. Focuses on crude oil supplies, domestic competition, restrictions on less expensive foreign crude oil imports, the need to maintain higher domestic prices as development incentive and regional allocation inequities, especially...

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