Environment, Transportation, and Housing by Alex C. Michalos (auth.)

By Alex C. Michalos (auth.)

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Oil Week which is cited as the source of information for the above table. S. Oil Week in 1970. A 1968 copy of the publication revealed that it is a newsletter published by the Observer Publishing Company, now located in Arlington, Virginia. The publication appears to be directed to a readership composed mainly of 'small businessmen in petroleum marketing'. s. Oil Week stated that the information relied upon by Senators Kennedy and Hollings was probably 'taken from our June 1974 issue which is based mainly on 10K forms filed by major companies with the SEC'.

Even with inflated consumption figures, the Canadian ratio was always bigger than the American ratio in the 1964-74 period (Tl4, C3). In the last six years of the period the Canadian ratio was above unity, but for all other years both countries operated with a crude petroleum deficit. By 1974, the Canadian ratio increased and the American ratio decreased 16% over 1964. t 86 Tables 15 and 16 provide an overview of the ownership of North American crude oil production in 1970. The 20 largest American crude oil producers accounted for 60% of all the crude oil produced in the United States (Tl5).

That is precisely the problem, and perhaps the authors of the FTC report said as much as anyone could justifiably say on this score . . . production concentration in a national energy market appears to be quite moderate, especially compared to many other industries. On the other hand, energy concentration rose significantly between 1955 and 1970 .... The information reported in this study appears to suggest that petroleum company acquisitions of coal companies up to 1970 may not have had a severe impact on energy NATURAL ENVIRONMENT AND RESOURCES 21 production concentration.

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