Jump to ContentJump to Main Navigation
The Political Economy of PipelinesA Century of Comparative Institutional Development$
Users without a subscription are not able to see the full content.

Jeff D. Makholm

Print publication date: 2012

Print ISBN-13: 9780226502106

Published to Chicago Scholarship Online: March 2013

DOI: 10.7208/chicago/9780226502120.001.0001

Show Summary Details
Page of

PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use (for details see www.chicago.universitypressscholarship.com/page/privacy-policy).date: 24 September 2018

Regulating Pipelines as a Response to Monopoly

Regulating Pipelines as a Response to Monopoly

Chapter:
(p.45) Chapter Four Regulating Pipelines as a Response to Monopoly
Source:
The Political Economy of Pipelines
Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226502120.003.0004

This chapter discusses how pipeline regulation dealt with the perception of market power held by investor-owned pipelines. It is demonstrated that institutional details—and history—matter in the analysis of markets for pipeline transport. The “Garfield report” was unambiguous in its finding that Standard Oil had absorbed almost all the major American oil pipelines “by means of unfair competitive methods during years of fierce industrial strife.” Australia was developing new sources of gas that may start to weaken the highly concentrated production and marketing sector. The structure of Argentina's gas supply system presented unusually attractive opportunities to contribute competition in both gas and transport. The only gas pipelines that continue to be regulated in Australia are the Victorian transmission system and two pipelines serving the smaller markets in Queensland.

Keywords:   pipeline regulation, market power, investor-owned pipelines, pipeline transport, Garfield report, Standard Oil, Australia, Argentina

Chicago Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.