Download or read book Governmental Intervention in the Market Mechanism: the Petroleum Industry written by United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust and Monopoly and published by . This book was released on 1970 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reviews economic impact of Federal regulations on the petroleum industry. Focuses on crude oil supplies, domestic competition, restrictions on less expensive foreign crude oil imports, the need to maintain higher domestic prices as development incentive and regional allocation inequities, especially in the Northeast.