Bibliographic Citation
| Document | For copies of Journal Articles, please contact the Publisher or your local public or university library and refer to the information in the Resource Relation field. For copies of other documents, please see the Availability, Publisher, Research Organization, Resource Relation and/or Author (affiliation information) fields and/or Document Availability. |
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| Title | Washington`s energy mess: after ten years of Federal meddling in the oil business, we`re over a barrel |
| Creator/Author | Sawyer, J. |
| Publication Date | 1980 Sep 01 |
| OSTI Identifier | OSTI ID: 6651056 |
| Other Number(s) | CODEN: IMAGD |
| Resource Type | Journal Article |
| Resource Relation | Inquiry Mag. ; Vol/Issue: 3:15 |
| Subject | 294002 -- Energy Planning & Policy-- Petroleum ;021000 -- Petroleum-- Legislation & Regulations; ;ENERGY POLICY-- PETROLEUM INDUSTRY;PETROLEUM INDUSTRY-- ENERGY POLICY; DEREGULATION;GOVERNMENT POLICIES;PUBLIC POLICY;REGULATIONS |
| Related Subject | GOVERNMENT POLICIES;INDUSTRY |
| Description/Abstract | New regulations in response to a 1970 call for decontrolling the petroleum industry encouraged foreign production and imports while discouraging domestic exploration.^The oil industry was strong enough to profit from government programs, but not enough to prevent pervasive interference in its operations and investments.^The result has been supply disruptions and more dependence on foreign oil.^The price control system operating during the 1970s had no provision for inflation and was biased toward refineries having access to domestic crude oil.^This led to an entitlements program that modified competition further.^A review of these and other programs, such as the mandatory crude-oil buy/sell program, shows how they altered the relationships between suppliers and buyers.^The 1980 Windfall Profit Tax continues a decade of favoring foreign production, reflecting public aversion to true decontrol, and a public addiction to Federal intervention.^(DCK) |
| Country of Publication | United States |
| Language | English |
| Format | Pages: 18-21 |
| System Entry Date | 2001 May 13 |
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Last Updated: 02/10/2009