TITLE

The Oil Masters

AUTHOR(S)
Ulmer, Melville J.
PUB. DATE
January 1974
SOURCE
New Republic;1/5/74, Vol. 170 Issue 1/2, p13
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Focuses on the increase in fuel prices in the United States due to international cartel which has regulated the supply of petroleum, dividing markets and fixing prices; Increase in the selling price of crude oil; Wrath against the Arabs for international blackmail; Views that the demands for petroleum products is inelastic; Advantage for petroleum producers if they do not fulfil the demands of their customers; Availability of tax benefits for oil companies, like the higher prices they are now getting, have been justified as incentives for domestic oil exploration.
ACCESSION #
10156597

 

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