Chapter

Existing Pipeline Studies and Private Pipeline Capital

in The Political Economy of Pipelines

Published by University of Chicago Press

Published in print April 2012 | ISBN: 9780226502106
Published online March 2013 | e-ISBN: 9780226502120 | DOI: http://dx.doi.org/10.7208/chicago/9780226502120.003.0002
Existing Pipeline Studies and Private Pipeline Capital

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This chapter evaluates the existing literature on pipelines and the origins of the unique role of private capital in pipeline development in the United States versus the rest of the world. The congressional regulation of pipelines has attracted the attention of political scientists. Private capital has played a key role in the development of pipelines. Its use for pipelines has facilitated the eventual transition to competitive point-to-point gas transport markets. The regulations of 1938 prompted producers to hold back gas supplies for in-state uses, Congress to temporize in only partially relaxing gas price controls, and pipelines to overreact by buying whatever supplies they could find at seemingly whatever terms were demanded by producers. Gas pipeline rate cases were generally perfunctory affairs, and licensing cases were uncontroversial.

Keywords: pipelines; United States; private capital; gas transport markets; gas supplies; gas price controls

Chapter.  5016 words. 

Subjects: Political Economy

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