Industry wins, loses in House bill

Journal Article · Mon Jun 01 04:00:00 EDT 1992 · Oil and Gas Journal; (United States)

OSTI ID:5156554

This paper reports that the House of Representatives has approved a plan to limit U.S. gas prorationing by the states but rejected a move to require petroleum refiners and importers to place 1% of their oil or products volumes into the Strategic Petroleum Reserve. The oil industry lobbied heavily against the SPR provision, which went down 263-135. The House then passed its omnibus energy bill 381-37. It is designed to facilitate all types of energy production while promoting conservation. The legislation also imposes bans on offshore leasing but gives independent producers limited relief from the alternative minimum tax (AMT) and does not include a mandate for use of ethanol in gasoline.

• OSTI ID: 5156554
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 90:22; ISSN 0030-1388; ISSN OIGJA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
021000* -- Petroleum-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
CHEMICAL COMPOSITION
DEVELOPED COUNTRIES
FUELS
GASOLINE
IMPORTS
INDUSTRIAL PLANTS
LAWS
LEASING
LEGISLATION
LIQUID FUELS
NORTH AMERICA
OFFSHORE OPERATIONS
PETROLEUM PRODUCTS
PETROLEUM REFINERIES
PLANNING
TAX LAWS
USA