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- W8048400 abstract "There appears to be no change in position despite the annual congressional debate over natural gas issues. A fresh look is needed, particularly at the idea that interstate gas pipelines are a natural monopoly that require a government franchise. The Natural Gas Act of 1938 giving the Federal Power Commission jurisdiction over gas pipelines was intended to correct abuses, but resulted in encouraging the pipelines to assume a monopolistic behavior. This was not a serous problem until natural gas prices began rising and shortages appeared due to uneven distribution. The Natural Gas Policy Act reinforced the monopolistic behavior by extending federal controls to the intrastate market. Contract carriage is a remedy that would allow firms and utilities to contract for gas on their own. They would pay pipelines for transport costs only. Competition would increase because there would be new buyers and sellers, and pipelines would have an incentive to seek lower wellhead prices for their contract gas." @default.
- W8048400 created "2016-06-24" @default.
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- W8048400 date "1984-07-01" @default.
- W8048400 modified "2023-09-27" @default.
- W8048400 title "Unnatural monopoly: natural gas industry" @default.
- W8048400 hasPublicationYear "1984" @default.
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