An Oil Import Tax?

Moore, Thomas Gale
March 1981
National Review;3/20/1981, Vol. 33 Issue 5, p286
The article emphasizes the benefits of imposing tax on U.S. oil imports. A tariff on imported oil could increase the price of energy in the U.S. while reducing the price of oil in the world market. This could also encourage conservation, stimulate domestic energy production and lower dependence on oil imports. Improvement of techniques in producing energy from alternative sources is an added advantage of higher imported oil prices. Moreover, it would boost prices to consumers and increase the wealth of energy producers.


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