The Guys in Abu Dhabi

June 1979
New Republic;6/2/79, Vol. 180 Issue 22, p5
Comments on United States President Jimmy Carter's plan to decontrol domestic oil prices. House Democratic Caucus' opposition to Carter's plan; Argument that domestic controls increase the demand for oil and artificially constrain domestic production; Role of the Organization of Petroleum Exporting Countries in the setting of oil prices; Opposition of oil companies to Carter's petroleum policies; Oil companies' need to finance exploration and development of oil; Suggestion that corporate profits are not inherent evil, nor are they a natural right of all large corporations.


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