How the Law of Capture Shaped the World Oil Industry
by
Terence Daintith
Language: English
Release Date: September 23, 2010
Since the beginnings of the oil industry, production activity has been governed by the 'law of capture,' dictating that one owns the oil recovered from one's property even if it has migrated from under neighboring land. This 'finders keepers' principle has been excoriated by foreign critics as a 'law...