What's an Independent?

October 1975
National Review;10/10/1975, Vol. 27 Issue 39, p1098
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.


Related Articles

  • House Impasse Stalls Cotton Vote. Ellis, Kristi // WWD: Women's Wear Daily;11/15/2005, Vol. 190 Issue 106, p13 

    This article reports on the decision of the U.S. House leadership to pull the budget-reduction package involving the legislation ending a cotton subsidy program and a trade law known as the Byrd Amendment that compensates domestic firms hurt by undervalued imports. The executives opposed the...

  • Quota Unquota. Chapman, Stephen // New Republic;11/24/79, Vol. 181 Issue 21, p10 

    Presents information on the announcement made by U.S. President Jimmy Carter to reduce the dependence of the U.S. on foreign oil. Announcement to invoke an import quota of 8.2 million barrels a day; Information on the fact that the U.S. maintained strict quotas on oil imports from 1959 until...

  • U.S. Crude Oil Imports by Selected Country, 1988-2004.  // World Almanac & Book of Facts;2005, p173 

    The article presents statistical information related to the U.S. crude oil imports by selected countries from 1988 to 2004. Some of the countries included are Canada, Mexico, Saudi Arabia, Venezuela, Nigeria, Iraq, Angola, Kuwait, Great Britain, among others.

  • Oil Sector a Challenge for Russia, Opportunity for U.S. Weitz, Richard // World Politics Review (19446284);1/29/2013, p2 

    The article comments on the impact of the growth of oil production in Russia on the U.S. It states that the trend will threaten the performance of global oil importers and affect the budget of the Russian government. According to the author, the production of oil in the country has reached a...

  • Auctioned Oil Import Licenses. Welch, W. P.; Hammond, Paul Y. // Policy Sciences;Dec1981, Vol. 14 Issue 1, p75 

    Three times in recent years American Presidents have tried to levy a tax on imported oil in order to decrease the quantity. Three times, the U.S. Congress has blocked the policy, demonstrating that a tax is politically infeasible. As an alternative, we propose an auctioned import license policy,...

  • REALITY CHECKPOINT. Ross, Susan Kohn // Journal of Commerce (1542-3867);5/17/2010, Vol. 11 Issue 20, p28 

    The article discusses the rise of corporate identity theft, with the availability of data on the Internet and other sources. It states that such theft typically happens when perpetrators use the name of a legitimate business to import counterfeit products. The author argues that if trademark...

  • Back-Door Increase.  // Time;11/25/1974, Vol. 104 Issue 22, p52 

    The article reports on the move of oil companies in the United Arab of Emirates (UAE) to increase the price of oil different from what was professed by Sheik Ahmed Zaki Yamani, the nation's urbane petroleum minister. It cites the original plan of Yamani's government that is to lower the prices...

  • Energy Camel. Chapman, Stephen // New Republic;2/2/80, Vol. 182 Issue 5, p11 

    Focuses on the efforts of the U.S. House to solve the problem of energy resources. Failure of the House to deal with energy problems in the past; Proposal of the House to create a committee on energy; Advantages of the creation of a new committee; Statement that fragmented jurisdiction and...

  • Oil Control--A Special Case.  // New Republic;6/7/33, Vol. 75 Issue 966, p87 

    Highlights the inadequacy of the Industrial Recovery Act of the U.S. Introduction of a legislative bill covering oil in the U.S. House; Plan of a properly engineered oil pool that would supply the demand economically; Use of state conservation laws in the interest of price maintenance; Failure...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics