The "the Interstate Oil and Gas Compact Commission" is the lapdog of the oil industry.

Jim Callahan
Orlando, FL

The meaning of the following article is the exact opposite of what it says. The "hot oil compact" and the Texas Railroad Commission were the models for OPEC. Palin is chair of the American OPEC!

Interstate Oil and Gas Commission Charter

Link

* * *
"Article V

It is not the purpose of this compact to authorize the States joining herein to limit the production of oil or gas for the purpose of stabilizing or fixing the price thereof, or create or perpetuate monopoly, or to promote regimentation, but is limited to the purpose of conserving oil and gas and preventing the avoidable waste thereof within reasonable limitations."

Jim Callahan
Orlando, FL

"Another example of a formal compact approved by Congress is the Interstate Compact to Conserve Oil and Gas, which authorized a price-fixing cartel among oil-producing states in the 1930s and controlled about half of all then-known U.S. oil reserves. This compact is another example of Congress acquiescing to states acting
collectively through the Compact Clause to obtain localized benefits at the expense of the general welfare."
"State Collective Action" Harvard Law Review, Vol. 119:1855, April 2006,
page 1862

Link


see also ROBERT L. BRADLEY JR., OIL, GAS &
GOVERNMENT: THE U.S. EXPERIENCE 103–06 (1996) (noting that although this compact still
exists, changed market conditions [OPEC] make it obsolete.

Jim Callahan
Orlando, FL