Skip to main content
U.S. Department of Energy
Office of Scientific and Technical Information

Getting it backwards. [Should tax consumption rather than production]

Journal Article · · Natl. J.; (United States)
OSTI ID:6714198
To undo Carter's failed energy policies, Dr. Samuelson recommends that Reagan should decontrol natural gas, modify or repeal the windfall profits tax on oil production, repeal the government's planned participation in synthetic fuels development, and impose a gasoline tax of 30 to 50 cents a gallon. What is needed now is a policy that will make the US less dependent, he feels, even if it results in higher prices and higher oil company profits. This will make oil and gas exploration and production more attractive and will cost less than most synthetic fuels, encourage conservation, and stimulate the development of renewable energy sources. Dr. Samuelson also suggests that, by restricting access to public lands, environmentalists help to promote a premature synthetics industry when they should be working with the oil companies. (DCK)
OSTI ID:
6714198
Journal Information:
Natl. J.; (United States), Journal Name: Natl. J.; (United States) Vol. 12:50; ISSN NAJOD
Country of Publication:
United States
Language:
English