Information and Bidding Behavior by Major Oil Companies for Outer Continental Shelf Leases: Is the Joint Bidding Ban Justified?

The Energy Policy and Conservation Act (PL 94-163), signed into law in December 1975, forbade oil companies that produced the equivalent of 1.6 million barrels of oil per day (mbd) worldwide from bidding jointly for outer continental shelf (OCS) leases. The U.S. Department of the Interior adopted re...

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Veröffentlicht in:Energy J.; (United States) 1981-07, Vol.2 (3), p.71-90
Hauptverfasser: Millsaps, Steven W., Ott, Mack
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container_issue 3
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container_title Energy J.; (United States)
container_volume 2
creator Millsaps, Steven W.
Ott, Mack
description The Energy Policy and Conservation Act (PL 94-163), signed into law in December 1975, forbade oil companies that produced the equivalent of 1.6 million barrels of oil per day (mbd) worldwide from bidding jointly for outer continental shelf (OCS) leases. The U.S. Department of the Interior adopted regulations to that effect. The Outer Continental Shelf Lands Act Amendment of 1978 (PL 95-372) modified the 1975 law. This amendment gives the Secretary of the Interior the power to conduct periodic reviews of production rates by petroleum producers and to ban from joint bidding any person or firm that produced, during a prior six-month period specified by the secretary, an average of 1.6 mbd.
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identifier ISSN: 0195-6574
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issn 0195-6574
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source PAIS Index; Periodicals Index Online; Jstor Complete Legacy
subjects 02 PETROLEUM
021000 - Petroleum- Legislation & Regulations
294002 - Energy Planning & Policy- Petroleum
Application programming interfaces
Bidding
BIDS
Companies
COMPETITION
Continental shelves
Energy conservation
ENERGY PLANNING, POLICY AND ECONOMY
Energy policy
Federal legislation
Fossil fuels
INDUSTRY
Joint ventures
Law
Leases
LEASING
Leasing companies
Nonmajor students
OFFSHORE SITES
Oil
Oil companies
Petroleum
PETROLEUM INDUSTRY
Probabilities
title Information and Bidding Behavior by Major Oil Companies for Outer Continental Shelf Leases: Is the Joint Bidding Ban Justified?
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