Lack of an energy policy remains a major barrier

Journal Article · Fri Mar 01 04:00:00 EST 1991 · World Oil; (United States)

OSTI ID:5779032

Owen, D

This paper reports that the war with Iraq provided a new dimension to the ongoing oil industry struggle to cope with oppressive government action and regulation. Coming as it did just before the administration was to announce guidelines for a long-awaited National Energy Strategy (NES), the war created a renewed and dramatic focus on the national energy security question. Now, numerous congressmen, senators and administration leaders are taking a fresh look at how the U.S. can extricate itself from excessive dependence on Middle East oil imports. For example, the planned free-trade agreement with Mexico could figure prominently in an alliance that would bring much more Mexican oil to the U.S. Meanwhile, the wild card is proposals to open up U.S. drilling offshore and in the Arctic National Wildlife Region (ANWR). Prior to hostilities, Middle East tensions brought on significant increases in the price of oil, and with it a large gain in oil company profits for fourth-quarter 1990. Result: talk in Congress of a new windfall profits tax.

• OSTI ID: 5779032
• Journal Information: World Oil; (United States), Journal Name: World Oil; (United States) Vol. 212:3; ISSN 0043-8790; ISSN WOOIA
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
293000* -- Energy Planning & Policy-- Policy
Legislation
& Regulation
ARCTIC REGIONS
ASIA
DEVELOPED COUNTRIES
DEVELOPING COUNTRIES
ENERGY POLICY
GOVERNMENT POLICIES
INSTITUTIONAL FACTORS
IRAQ
KUWAIT
LATIN AMERICA
MEXICO
MIDDLE EAST
NATIONAL GOVERNMENT
NORTH AMERICA
OFFSHORE OPERATIONS
POLAR REGIONS
POLITICAL ASPECTS
TRADE
US NATIONAL ENERGY PLAN
USA
WARFARE