National oil security policy. Hearing before the Subcommittee on Energy Regulation and Conservation of the Committee on Energy and Natural Resources, United States Senate, One Hundredth Congress, First Session, June 2, 1987

Book · Thu Jan 01 00:00:00 EST 1987

OSTI ID:5921793

Representatives of industry, the US Chamber of Commerce, the Citizen/Labor Energy Coalition, government agencies, and others testified at a hearing on the issue of reducing oil imports as a way to strengthen the domestic oil industry. An amendment to the trade bill that would impose an import fee on oil raised concerns that it might be counter-productive by causing hardship on individuals and other industries because of higher prices. Another concern was that the amendment relinquishes congressional power to tax and set policy to the president. The discussion covered the level of oil imports and changes in import activity at various points in history, although there was little consensus of interpretation. Oil marketers oppose the amendment on the ground that automatic triggers of import fees, quotas, and other strategies are unfair and economically risky. An appendix with additional material submitted for the record follows the testimony of the 14 witnesses.

• OSTI ID: 5921793
• Resource Relation: Related Information: S. Hrg. 100-173
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
29 ENERGY PLANNING
POLICY AND ECONOMY
PETROLEUM
IMPORTS
PETROLEUM INDUSTRY
ECONOMICS
CHARGES
ECONOMIC IMPACT
GOVERNMENT POLICIES
HEARINGS
PRICES
TRADE
DOCUMENT TYPES
ENERGY SOURCES
FOSSIL FUELS
FUELS
INDUSTRY
020700* - Petroleum- Economics
Industrial
& Business Aspects
021000 - Petroleum- Legislation & Regulations
294002 - Energy Planning & Policy- Petroleum
293000 - Energy Planning & Policy- Policy
Legislation
& Regulation