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California and Long Beach win restraining order on oil price rule
A U S District Court judge granted a temporary restraining order blocking a Federal Energy Office price control on crude oil for state and local governments. An April 8 hearing was set. officials said the FEO rule violated notice and public hearing requirements and would retroactively cut about 60 million dollars in state revenues. The state aims to obtain fair market value for oil from state lands and to pursue collection discussions with lessees and contractors.
MENTIONED IN THIS ARTICLE
Sacramento
U.S. District Court
Jesse W. Curtis
State of California
Long Beach
Federal Energy Office
Curtis
Los Angeles
Atty
Jay Shayelson
Energy Office
Houston S. Fleurnoy
Long Beach City
Harold Lingle
Long Beach Tidelands
Thums
FEC
Flournioy
California
FEO
State Lands Commission