Seaboard Oil Co. v. Bowles

MARIS, Chief Judge.

The complainants are producers in California of dry gas which they sell to public utilities or to pipe line operators and' other transmission facilities supplying public utilities for ultimate resale by the latter to’ the public as fuel. The dry gas which they produce is a residual product of the-processing of natural gas at natural gasoline plants. The complainants sold dry gas under the provisions of long term sales contracts which contained escalator clauses, making the base price of the gas adjustable in accordance with fluctuations in the posted price of fuel oil at…