Windfall tax: a flight of fancy

Journal Article · Mon Jan 01 04:00:00 EST 1979 · Marathon World; (United States)

OSTI ID:5224046

A windfall profits tax is a misnomer, according to this paper. The tax would not be on profits, windfall or otherwise, but on US petroleum producton. The tax, imposed at the wellhead, would apply whether a producer makes a profit or not. The Carter Administration is promoting the tax as a means of financing the Administration's latest energy plan. The orginal impetus behind the tax is viewed not as a means of raising money for energy projects, but as a political measure. Though many experts, in and out of government, view with favor a return to the price-distribution system of the marketplace, political realities have prompted the Administration to soften deregulation with the windfall profits tax. (SAC)

• OSTI ID: 5224046
• Journal Information: Marathon World; (United States), Journal Name: Marathon World; (United States) Vol. 16:3; ISSN MARWA
• 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
290200 -- Energy Planning & Policy-- Economics & Sociology
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
294002* -- Energy Planning & Policy-- Petroleum
AVAILABILITY
ENERGY POLICY
EVALUATION
GOVERNMENT POLICIES
INDUSTRY
INSTITUTIONAL FACTORS
INTERNATIONAL ORGANIZATIONS
NATIONAL ENERGY PLAN
NATIONAL ORGANIZATIONS
OIL-EXPORTING COUNTRIES
OPEC
PETROLEUM INDUSTRY
POLITICAL ASPECTS
PRICES
PRODUCTION
PUBLIC OPINION
TAXES
US DOE
US ORGANIZATIONS
WELLHEAD PRICES
WINDFALL PROFITS TAX