Petroleum Investigation: Hearings Nov. 19-22, 26-28, 1934U.S. Government Printing Office, 1934 |
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agency agree agreement American Petroleum Institute barrels of oil believe BLALOCK BYLES California cents Chairman COLE committee compact competition Congress conservation consumer cost court crude oil cubic feet curtailment DANCIGER demand drilling east Texas field EATON effect engineers fact Federal control Federal Government filling stations FOUTS fuel gasoline gentlemen GILL hot oil independent interest interstate commerce interstate compact Kettleman Hills legislation LLOYD major companies MAPES MARSHALL mean ment natural gas oil business oil field oil industry oil produced operation opinion panhandle PENNINGTON percent petroleum industry PETTENGILL pipe lines pipe-line PRATT present President profit proration purchase question railroad commission reason recovery refiner refinery regulation REQUA reserves ROESER Secretary sell SINCLAIR statement supply Texas Railroad Commission thing Thomas-Disney bill tion transportation United waste Wilshire Wilshire Oil Co WOLVERTON
Popular passages
Page 2080 - If it be held that the term includes the regulation of all such manufactures as are intended to be the subject of commercial transactions in the future, it is impossible to deny that it would also include all productive industries that contemplate the same thing. The result would be that Congress would be invested, to the exclusion of the States, with the power to regulate, not only manufactures, but also agriculture, horticulture, stock raising, domestic fisheries, mining — in short, every branch...
Page 2834 - Reclamation Act, approved June 17, 1902, and for past production 20 per centum, and for future production 37^ per centum of the amounts derived from such bonuses, royalties, and rentals shall be paid by the Secretary of the Treasury after the expiration of each fiscal year to the State within the boundaries of which the leased lands or deposits are or were located, said moneys to be used by such State or subdivisions thereof (or the construction and maintenance of public roads or for the support...
Page 2078 - In each of these instances the use of interstate transportation was necessary to the accomplishment of harmful results. In other words, although the power over interstate transportation was to regulate, that could only be accomplished by prohibiting the use of the facilities of interstate commerce to effect the evil intended.
Page 2081 - The far-reaching result of upholding the act cannot be more plainly indicated than by pointing out that if Congress can thus regulate matters entrusted to local authority by prohibition of the movement of commodities in interstate commerce, all freedom of commerce will be at an end, and the power of the States over local matters may be eliminated, and thus our system of government be practically destroyed.
Page 2082 - ... obstructed, and this, whether they are made to packers or dealers. The dealers are essential to the sales to the stock farmers and feeders. The sales are not in this aspect merely local transactions. They create a local change of title, it is true, but they do not stop the flow; they merely change the private interests in the subject of the current, not interfering with, but. on the contrary, being indispensable to its continuity.
Page 2421 - ... unless the application for the same shall be presented to a justice of the Supreme Court of the United States, or to a circuit or district judge, and shall be heard and determined by three judges, of whom at least one shall be a justice of the Supreme Court, or a circuit judge, and the other two may be either circuit or district judges, and unless a majority of said three judges shall concur in granting such application.
Page 2566 - States or of any foreign nation, vessels employed in the fisheries or in the whaling business, or vessels actually engaged in foreign trade or trade between the Atlantic and Pacific ports of the United States or between the United States and any of its possessions. For purposes of the preceding sentence, the term "vessels...
Page 2079 - The maintenance of the authority of the States over matters purely local is as essential to the preservation of our institutions as is the conservation of the supremacy of the federal power in all matters entrusted to the Nation by the Federal Constitution.
Page 2092 - More striking still, it appeared that if the process of concentration goes on at the same rate, at the end of another century we shall have all American industry controlled by a dozen corporations, and run by perhaps a hundred men. Put plainly, we are steering a steady course toward economic oligarchy, if we are not there already.
Page 2078 - ... it as to particular commodities. But it is insisted that adjudged cases in this court establish the doctrine that the power to regulate given to Congress incidentally includes the authority to prohibit the movement of ordinary commodities and therefore that the subject is not open for discussion. The cases demonstrate the contrary. They rest upon the character of the particular subjects dealt with and the fact that the scope of governmental authority, state or national, possessed over them is...