The Industry Outlook

Dietsch, Robert W.
March 1974
New Republic;3/2/74, Vol. 170 Issue 9, p19
Focuses on the petroleum industry in the U.S. Increase in the barrel price of domestic crude oil; Plans of the government to impose windfall profits tax, under which the oil companies needs to plow back most of their windfall profits into new exploration and development; Favor shown by Congressman Wilbur Mills to a new investment credit to spur domestic exploration; Plans of the government to eliminate the depletion allowance that oil gets for overseas operations; Effects of the proposed excise tax on crude oil profits; Investment on alternate energy sources.


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