common pool resources

The Rule of Capture in Pennsylvania Oil and Gas Law

Michael Giberson Via the Agricultural Law Resource and Reference Center at Pennsylvania State University, a presentation on “The rule of capture in Pennsylvania oil and gas law” (see also this summary). Among other things, the presentation clears up my question (in yesterday’s post on oil production in the state) about the current relevance of the …

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Oil Production in Pennsylvania

Michael Giberson James Hamilton posts on “Peak oil in Pennsylvania” at Econbrowser, drawing from a few historical surveys and presenting this chart from Michael Caplinger, “A contextual overview of crudeoil production in Pennsylvania.” Pennsylvania crude oil production, 1859-1990, in millions of barrels per year. Source: Michael Caplinger (1997) via James Hamilton at Econobrowser Caplinger’s report …

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