National oil security policy. Hearing before the Subcommittee on Energy Regulation and Conservation of the Committee on Energy and Natural Resources, United States Senate, One Hundredth Congress, First Session, June 2, 1987

Book · Thu Jan 01 04:00:00 EST 1987

OSTI ID:5921793

Representatives of industry, the US Chamber of Commerce, the Citizen/Labor Energy Coalition, government agencies, and others testified at a hearing on the issue of reducing oil imports as a way to strengthen the domestic oil industry. An amendment to the trade bill that would impose an import fee on oil raised concerns that it might be counter-productive by causing hardship on individuals and other industries because of higher prices. Another concern was that the amendment relinquishes congressional power to tax and set policy to the president. The discussion covered the level of oil imports and changes in import activity at various points in history, although there was little consensus of interpretation. Oil marketers oppose the amendment on the ground that automatic triggers of import fees, quotas, and other strategies are unfair and economically risky. An appendix with additional material submitted for the record follows the testimony of the 14 witnesses.

• OSTI ID: 5921793
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
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& Business Aspects
021000 -- Petroleum-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
293000 -- Energy Planning & Policy-- Policy
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294002 -- Energy Planning & Policy-- Petroleum
CHARGES
DOCUMENT TYPES
ECONOMIC IMPACT
ECONOMICS
ENERGY SOURCES
FOSSIL FUELS
FUELS
GOVERNMENT POLICIES
HEARINGS
IMPORTS
INDUSTRY
PETROLEUM
PETROLEUM INDUSTRY
PRICES
TRADE