TITLE

Why Subsidize the Arabs?

AUTHOR(S)
Reynolds, Alan
PUB. DATE
August 1975
SOURCE
National Review;8/29/1975, Vol. 27 Issue 33, p939
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Focuses on the policy of the administration of U.S. President Gerald R. Ford on crude oil prices in the U.S. Plans of the Ford administration to phase out the price control of domestic oil; Effect of the decontrolling of domestic crude price control on the price of gasoline; Impact of the increase in gasoline prices on the prices of substitute fuels such as coal and natural gas; Opinion that the price of gasoline is set not by price controls, but by supply and demand; Effort of refiners to maximize profits by adding to the supply up to the point where the additional revenue from selling another barrel of gasoline equals the additional cost of buying another barrel of crude.
ACCESSION #
6046699

 

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