Free market essential to energy development

Journal Article · Mon Aug 07 04:00:00 EDT 1978 · Energy User News; (United States)

OSTI ID:6586626

McCowan, R T

This oil company executive blames overcontrol and overregulation of market forces for weakening American industry and creating a burden for the taxpayer. Contradictory trade policies are shown to be a result of blaming oil imports for economic problems when a balanced budget and higher productivity can be restored by returning to a free market. Public misconceptions of oil company profits fail to see the connection between earnings and capital expenditures for employment and expansion. The author criticizes import and corporate income taxes and divestiture efforts for deterring the solution of energy-supply problems. He points to the success of Japan and West Germany, where 100 percent of the energy is imported, but the government and industry are able to work with rather than against each other.

• Research Organization: Ashland Petroleum Co., KY
• OSTI ID: 6586626
• Journal Information: Energy User News; (United States), Journal Name: Energy User News; (United States) Vol. 3:32; ISSN EUSND
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
021000 -- Petroleum-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
CAPITAL
ECONOMIC GROWTH
ECONOMIC POLICY
ECONOMICS
ENERGY POLICY
ENERGY SOURCE DEVELOPMENT
ENERGY SUPPLIES
FINANCIAL INCENTIVES
GOVERNMENT POLICIES
HORIZONTAL DIVESTITURE
INDUSTRY
INVESTMENT
PETROLEUM INDUSTRY
PRODUCTIVITY
PUBLIC RELATIONS
REGULATIONS
TAXES
TRADE
VERTICAL DIVESTITURE