Protectionism and the US refining industry
Almost unnoticed in the US press is the entrance of the US in the international market as a major exporter of oil products. The author describes his views on protective tariffs particularly with regard to the US refinery industry. He concludes that the new demands for protectionism by some refiners, if enacted into legislation by Congress, would not only raise the cost to all energy consumers but would also adversely affect US American industry, commencing with US exporting refiners that have recently entered the international products market. There would be retaliation by other countries and massive defaults by countries like Mexico. It is not in the national interest for the US to engage in oil tariffs or quotas that may harm the economies of our friendly trading partners - partners upon whom the US is dependent for one-third of its oil consumption and whom the US will need in time of crisis. Discussed are the US oil industry, OPEC, Venezuela, shutdowns, modernization, exports, imports, spot market, Western European refiners, and internationalization vs protectionism. 19 tabs. (DMC)
- Research Organization:
- Louisiana State Univ., Baton Rouge (USA). Center for Energy Studies
- OSTI ID:
- 6477396
- Report Number(s):
- LSU/CES-85-W-03; ON: DE86900267
- Resource Relation:
- Other Information: Portions of this document are illegible in microfiche products
- Country of Publication:
- United States
- Language:
- English
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PETROLEUM INDUSTRY
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