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S. 154: This Act may be cited as the Domestic Petroleum Security Act of 1991, introduced in the Senate of the United States, One Hundred Second Congress, First Session, January 14, 1991

Book ·
OSTI ID:5116901
This bill would amend the Internal Revenue Code of 1986 to impose a fee on the importation of crude oil and refined petroleum products. The tax rate would be the excess, if any, of $25 over the energy policy price per barrel of crude oil, and $3.00 plus the tax determined on crude oil for refined petroleum products. The energy policy price for any week is the weighted average international price of a barrel of crude oil for the preceding four weeks as determined by the Secretary of Energy. Refined petroleum products is given the same meaning as in the Emergency Petroleum Allocation Act of 1973.
OSTI ID:
5116901
Country of Publication:
United States
Language:
English