Oil price decontrol debate: the President's plan

Journal Article · Sun Jul 01 04:00:00 EDT 1979 · Challenge; (United States)

OSTI ID:6109323

Schultze, C L

The President's decision to decontrol domestic oil prices and end the subsidization of imports will stimulate domestic oil production and help to finance the transition to alternative energy sources. The three-part program allows domestic oil prices to reach world levels by October, 1981 and imposes a windfall profits tax. Decontrol benefits will include a lower level of imports, a stronger international economy, an end to the entitlements system, and a minimization of disruptions. The revenues from taxing windfall profits will also be used to protect low-income families from the impact of higher prices and to support energy-efficient mass-transit systems.

• OSTI ID: 6109323
• Journal Information: Challenge; (United States), Journal Name: Challenge; (United States) Vol. 22:3; ISSN CHLGB
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
021000 -- Petroleum-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
294002* -- Energy Planning & Policy-- Petroleum
DEREGULATION
ENERGY POLICY
GOVERNMENT POLICIES
INDUSTRY
NORTH AMERICA
PETROLEUM INDUSTRY
PRICES
PRODUCTION
PROFITS
TAXES
USA