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Domestic refinery policy: oversight. Hearing before the Subcommittee on Energy and Power of the Committee on Interstate and Foreign Commerce, House of Representatives, Ninety-Sixth Congress, Second Session, December 17, 1980

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OSTI ID:6547434

This hearing marks the formal commencement of the subcommittee's efforts to develop a rational domestic refinery policy. It is, by now, axiomatic that the future of our domestic refining industry is a matter of extreme national importance. All Federal government oil pricing and allocation authority under the Emergency Petroleum Allocation Act of 1973 is scheduled to expire on September 30, 1981. Decontrol could produce profound changes in the oil industry. The possibility that decontrol could occur before the end of September 1981 adds some urgency to the subcommittee's task of examining domestic refinery policy. The purpose of this hearing is to examine the future of domestic refining industry. It is incumbent upon the subcommittee to examine the anticipated effects of decontrol on US refiners. Ultimate concern is to ensure that all oil product markets continue to be served at competitive prices.

OSTI ID:
6547434
Country of Publication:
United States
Language:
English