A program formerly headed by the US Bureau of Land Management that established the auction program for oil and gas leasing. It is also referred to as the oil and […]

Products such as drill pipe and pipe casings that are utilized in the petroleum industry

1. An oil producing area such as the Gulf of Mexico 2. A colloquial term that refers to the oil industry

A law that was passed in 1990 by the US that places civic liability on tanker vessels and facilities that explore and transport oil, for the removal and damages incurred […]

A harbor located in the middle of the sea to accommodate giant tankers and as such they are equipped with the tools and machines to load, receive and store oil

A layer of crude or refined oil covering a large area of the soil or sea water caused by a leaking oil tanker.

The location, either onshore or offshore where oil wells are found.

In Spanish law. To hear; to take cognizance. White, New Recop. b. 3, tit 1, c. 7.

In Scotch law. Usury; the taking of interest for money, contrary to law . Bell.

The gap between the potential and actual GDP of a country. If the actual output is higher, the gap is referred to as an inflationary gap. If it is lower, […]

Stated by US economics professor Arthur M. Okun, the law defines the relationship between a fall in Gross National Product and unemployment . It states that unemployment increases by one […]

Ga- bert. 86 Tex. 121, 23 S. W. 985. Also an overseer, (coadjutor of an executor,) and one who disseises a person of land not to his own use, but […]

The system acts for the provision of benefits for elders, disabled workers and their dependents as established by the Social Security Act in 1935.

Economies having their roots in the Industrial Revolution and the bulk manufacturing of physical goods, whose objects are valued based on their physical properties. These include the energy sector, the […]

A nonfraternal insurer who operates on the basis of a legal reserve is referred to as the old line.

The title of a treatise written in the reign of Edward III. containing the writs which were then most in use, annexing to each a short comment concerning their nature […]

The ancient calendar or method of reckoning time, whereby the year commenced on March 25th. It was superseded by the new style (that now in use) iD most countries of […]

A treatise, so called to distinguish it from Littleton’s book on the same subject, which gives an account of the various tenures by which land was holden, the nature of […]

a term that is given to the financial assistance that is given to the poor and the elderly people.

An artificial imitation of butter, made chiefly from animal fats. Its sale is prohibited or restricted by statute in several of the states. See Cook v. State, 110 Ala. 40, […]

A code of maritime laws published at the island of Oleron in the twelfth century by Eleanor of Gui- enne. They were adopted in England successively under Richard I., Henry […]

A form of government wherein the administration of affairs is lodged in the hands of a few persons.

A commodity market controlled by a few producers, typically resulting in higher prices for consumers.

A market that is dominated by a small number of competitors, who hold a large market share between them.

A market in which a small number of businesses compete almost exclusively with each other.