TITLE

What's an Independent?

AUTHOR(S)
A.R.
PUB. DATE
October 1975
SOURCE
National Review;10/10/1975, Vol. 27 Issue 39, p1098
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the decision of the U.S. House of Congress to subsidize oil importers from domestic oil producers in the U.S. With a view to offset increases in the price of imported oil with reductions in the price of domestic oil the House has voted to restore the price ceiling on old oil, and to discount the price of previously uncontrolled oil. It is viewed that this may not even succeed in keeping the price of petroleum products down in the short run. It is assumed that an increase in the price of old oil can be passed on to consumers. The Federal Energy Administration has been criticized for its policies which have been designed to subsidize those refiners who did not develop sufficient domestic sources of crude oil and to penalize those who did.
ACCESSION #
6070081

 

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