Printed for the use of the Committee on the Judiciary U.S. GOVERNMENT PRINTING OFFICE WASHINGTON : 1978 28-444 COMMITTEE ON THE JUDICIARY JAMES O. EASTLAND, Mississippi, Chairman EDWARD M. KENNEDY, Massachusetts STROM THURMOND, South Carolina BIRCH BAYH, Indiana CHARLES MCC. MATHIAS, Maryland ROBERT C. BYRD, West Virginia WILLIAM L. SCOTT, Virginia JAMES ABOUREZK, South Dakota PAUL LAXALT, Nevada JOSEPH R. BIDEN, JR., Delaware ORRIN G. HATCH, Utah MALCOLM WALLOP, Wyoming FRANCIS C. ROSENBERGER, Chief Counsel and Staff Director SUBCOMMITTEE ON ANTITRUST AND MONOPOLY EDWARD M. KENNEDY, Massachusetts, Chairman BIRCH BAYH, Indiana STROM THURMOND, South Carolina HOWARD M. METZENBAUM, Ohio CHARLES MCC. MATHIAS, Maryland PAUL LAXALT, Nevada THOMAS M. SUSMAN, General Counsel HENRY BANTA, Counsel (II) CONTENTS B. Petroleum industry structure- III. The nature of the oil industry and pipeline transportation. A. Structure of pipeline systems. 1. Gathering lines and crude pipelines. 3. Technical operation of pipelines.- 3. Vertical integration: the oil industry and pipeline trans- A. Standard Oil companies as the industry prototype. B. Economic effects of pipeline control.-- C. Competitive effects of pipeline control. 1. Access and nonowner use of pipelines. d. Other service requirements.. 7. Cost of transportation advantage.. V. Pipeline regulation: In theory and practice--- A. Monopoly characteristics of pipelines and need for regulation. B. Pipeline regulation and the Hepburn Act--- C. Limited nature of ICC authority over oil pipelines. D. Early failures to deal with the problem.. |
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