The Texas Railroad Commission: Understanding Regulation In America To The Midtwentieth Century (Volume 17) (Kenneth E. Montague

The Texas Railroad Commission: Understanding Regulation In America To The Midtwentieth Century (Volume 17) (Kenneth E. Montague

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Before Opec Took Center Stage, One State Agency In Texas Was Widely Believed To Set Oil Prices For The World. The Texas Railroad Commission (Trc) Evolved From Its Founding In 1891 To A Multidivisional Regulatory Commission That Oversaw Not Only Railroads But Also A Number Of Other Industries Central To The Modern American Economy: Petroleum Production, Natural Gas Utilities, And Motor Carriers (Buses And Trucks).William R. Childss Unprecedented Study Of The Trc From Its Founding Until The Midtwentieth Century Extends Our Knowledge Of Commissionstyle Regulation. It Focuses On The Interplay Between Business And Regulators, Between State And National Regulatory Commissions, And Among The Three Branches Of Government Through A Process Of Pragmatic Federalism.Drawing On Extensive Primary Research, Childs Demonstrates That The Alleged Power Of Regulatory Commissions Has Been More Constrained Than Most Observers Have Recognized. As He Shows, The Myth Of Power Was Devised By The Agency Itself As Part Of Building A Civil Religion Of Texas Oil. Together, The Myth And The Civil Religion Enabled The Trc To Convince Texas Oil Operators To Follow Production Controls And Thus Stabilized The American Oil Industry By The 1940S.The Result Of This Fascinating Study Is A More Nuanced Understanding Of Federalism And Of Regulation, The Forces Shaping It, And Its Outcomes.

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Frequently Asked Questions

  • Q: What is the main focus of 'The Texas Railroad Commission' book? A: The book primarily focuses on the Texas Railroad Commission's evolution and its role in regulating various industries, including petroleum production and natural gas utilities, from its founding in 1891 to the mid-twentieth century.
  • Q: Who is the author of this book? A: The author of 'The Texas Railroad Commission' is William R. Childs.
  • Q: What type of binding does this book have? A: This book is available in hardcover binding.
  • Q: How many pages are in 'The Texas Railroad Commission'? A: The book contains 336 pages.
  • Q: What is the condition of the used book? A: The used book is described as being in 'Very Good' condition.
  • Q: When was 'The Texas Railroad Commission' published? A: The book was published on September 1, 2005.
  • Q: Is there any special edition of this book? A: Yes, this book is an illustrated edition.
  • Q: What industries does the Texas Railroad Commission oversee? A: The Texas Railroad Commission oversees industries such as petroleum production, natural gas utilities, and motor carriers, including buses and trucks.
  • Q: What is the significance of the Texas Railroad Commission in oil regulation? A: The Texas Railroad Commission was historically believed to influence oil prices globally, playing a crucial role in the regulation of the oil industry and the stabilization of production controls in Texas.
  • Q: What research methods did the author use for the book? A: William R. Childs conducted extensive primary research to provide a detailed understanding of the regulatory processes and the dynamics between businesses and regulators.