Gas Pipelines and the Emergence of America's Regulatory State: A History of Panhandle Eastern Corporation, 1928-1993 (Studies in Economic History and Policy: USA in the Twentieth Century)

Then the natural gas guys got what they wanted - a market, but like the electricity guys, they had to give up the entrepreneurial hat. Gates should read this book.

Finally, the Feds screwed up gas regulation so badly that they became mired in a swamp with innumerable FERC orders. All this is destined to be repeated soon as natural gas becomes again in short supply one week, over supply the next and a political target the third. These authors used business history to explain the rise, compromise, fall and recovery of a misunderstood industry related to the larger issues of de-regulation. How do you deregulate when the corporate culture is ossified (airlines, government, utilities, etc.)? California serves as an example of what lays in store for us should we allow a monopolist mentality to be free. This is an ideal text for MBA students (or law) who will be charting the corporate structures in the future. Will we have holding companies, Go-Go 1960s Littons, Dot.coms or some offshore entities be used (Enron) to be the foundations of our critical infrastructures? These authors address this and more.