Author : Terence Daintith
Release : 2010
Genre : Law
Kind : eBook
Book Rating : 764/5 ( reviews)
GET EBOOK
Book Synopsis Finders Keepers? by : Terence Daintith
Download or read book Finders Keepers? written by Terence Daintith. This book was released on 2010. Available in PDF, EPUB and Kindle. Book excerpt: 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 of the jungle' and identified by American commentators as the root cause of the enormous waste of oil and gas resulting from U.S. production methods in the first half of the 20th century. Yet while in almost every other country the law of capture is today of marginal significance, it continues in.