Oil-import fees. Hearing before the Subcommittee on Fossil and Synthetic Fuels and the Subcommittee on Energy Conservation and Power of the Committee on Energy and Commerce, House of Representatives, Ninety-Ninth Congress, Second Session, March 13, 1986

Book · Wed Jan 01 04:00:00 EST 1986

OSTI ID:6900558

Testifying on the implications of a possible fee imposed on oil imports were representatives of citizen and labor groups, energy industries and marketers, and utilities. At issue was the advisability of using an oil-import fee to raise revenue, which would artificially inflate domestic oil prices and cause corresponding increases in government spending for entitlements, as well as the impacts of price control. Support for the fee is based on the current low price of oil, but arguments in opposition cite the creation of a new bureaucracy instead of allowing market forces to work. Producers generally seek high prices, while consumers want low prices; but both sides disagree on when it is appropriate to set controls. Materials submitted for the record by witnesses and other interested parties follows the testimony of the seven witnesses.

• OSTI ID: 6900558
• Country of Publication: United States
• Language: English

Related Subjects

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