Oil firms accused of withholding Gulf oil to push prices
Senate staff charges major Gulf of Mexico offshore drillers limit output to wait for higher prices, boosting imports. Measday notes 79 fields account for most 1974 federal Gulf production and could be produced far more without harming future output, challenging Ford’s decontrol claims.
MENTIONED IN THIS ARTICLE
Washington
Gulf of Mexico
Senate
Sfor
Senate ‘Antitrust and Monopoly
Birch Bayh
D-Ind
Day
Ford
U.S
Oil leases show concentration among top firms
Measday notes a study finds 15 major oil companies control over 80 percent of production from the leases, indicating limited competition and influence over development decisions. The piece discusses the potential impact of selling oil at an uncontrolled price around $13 per barrel.
MENTIONED IN THIS ARTICLE
Measday
EPA moves to curb airborne sulfates nationwide
The EPA will bar further increases of airborne sulfates, signaling a health risk across the Northeast and other urban areas. A policy of minimizing rising sulfate levels aims to limit pollution while EPA studies a nationwide standard over three to four years, potentially influencing power plant fuel choices and emission controls.
MENTIONED IN THIS ARTICLE
Washington
Environmental Protection Agency
Pape Epa
EPA
Federal Energy Administration
California objects to offshore oil rules as inadequate
California officials tell the federal government that proposed offshore oil development regulations fail to protect the state’s economy and environment. Governor Brown had called the October lease sale of 1.6 million acres off Southern California unnecessary and risky.
MENTIONED IN THIS ARTICLE
Sacramento
UPD
Brown
California
Interior Department
Also Mentioned on This Page
Long Beach
Calif
Weil
Gulf Oil
Knight News Si
F Ork
Cal
Preble Stolz
Office of Planning and Research
U.S. Geological Survey
Vincent E. McKelvey
Stolz
Secretary of the Interior
Fidelity Federal
I.R.A
East Ocean
San Pedro
Western Ave
Vien
Sun
Jcpenney Buy
Los Angeles
Orange, Riverside
San Bernardino
Ventura Counties
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