Review of Long-term World Oil Outlook: Petroleum Product Imports : and Energy-related Tax Reform Proposals : Hearings Before a Subcommittee of the Committee on Government Operations, House of Representatives, Ninety-ninth Congress, First Session, April 1 and 2, 1985, Volume 4U.S. Government Printing Office, 1985 - 901 pages |
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Page 15
... CRUDE OIL PRICES WOULD CONTINUE TO SOAR . SAUDI ARABIAN OIL MINISTER SHEIK YAMANI PREDICTED THAT THE PRICE OF CRUDE WOULD QUICKLY RISE TO $ 50 A BARREL ; HIS FORECAST WAS DESCRIBED AS " OPTIMISTIC " BY SOME CONGRESSIONAL OPPONENTS OF OIL ...
... CRUDE OIL PRICES WOULD CONTINUE TO SOAR . SAUDI ARABIAN OIL MINISTER SHEIK YAMANI PREDICTED THAT THE PRICE OF CRUDE WOULD QUICKLY RISE TO $ 50 A BARREL ; HIS FORECAST WAS DESCRIBED AS " OPTIMISTIC " BY SOME CONGRESSIONAL OPPONENTS OF OIL ...
Page 20
... CRUDE OIL AND NATURAL GAS LIQUIDS IN THE U.S. HAS INCREASED IN EVERY YEAR SINCE 1979 . THE COMBINED EFFECTS OF DECLINING OIL CONSUMPTION AND NON- OPEC PRODUCTION GAINS HAVE BEEN ... CRUDE OIL OUTPUT IN SAUDI ARABIA , OPEC'S " SWING 20.
... CRUDE OIL AND NATURAL GAS LIQUIDS IN THE U.S. HAS INCREASED IN EVERY YEAR SINCE 1979 . THE COMBINED EFFECTS OF DECLINING OIL CONSUMPTION AND NON- OPEC PRODUCTION GAINS HAVE BEEN ... CRUDE OIL OUTPUT IN SAUDI ARABIA , OPEC'S " SWING 20.
Page 38
... crude oil processed . U.S. refineries also experience costs to supply certain products which are subject to environmental regulations . Examples of this are the need to reduce lead content of motor gasoline , and sulfur content of fuel oils ...
... crude oil processed . U.S. refineries also experience costs to supply certain products which are subject to environmental regulations . Examples of this are the need to reduce lead content of motor gasoline , and sulfur content of fuel oils ...
Page 47
... crude oil and petroleum products . The Customs Service collects imports information on CF - 7501 entry forms , aggregates of which are later published by the Bureau of Census . Individual values from the two systems frequently do not ...
... crude oil and petroleum products . The Customs Service collects imports information on CF - 7501 entry forms , aggregates of which are later published by the Bureau of Census . Individual values from the two systems frequently do not ...
Page 65
... crude oil as marginally productive fields are shut in and as exploration tends to concentrate on the development of large and medium size fields . Some reduction in crude output seems certain . As I suggested earlier , the industry is ...
... crude oil as marginally productive fields are shut in and as exploration tends to concentrate on the development of large and medium size fields . Some reduction in crude output seems certain . As I suggested earlier , the industry is ...
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analysis average barrels a day barrels per day benefits BOGGS BUSTAMANTE Chairman Chart CLINGER competitive consumers costs countries crude oil crude petroleum decline decontrol Department of Energy dollar domestic oil drawdown economic effects energy security estimate forecast foreign fuel oil gasoline gasoline imports impact import fee independent refiners investment losses major Middle East million B/D million barrels naphtha national security natural gas OECD oil and gas oil companies oil imports oil market oil prices oil production oil supply OPEC operating percent percentage depletion Persian Gulf petrochemical petroleum product imports potential price increases price shocks problem reduce refineries refining capacity result revenues Saudi Arabia sources stockpiles Strategic Petroleum Reserve stripper subcommittee supply disruptions SYNAR tariff tax proposals tax rates Thank tion trade Treasury U.S. imports U.S. market U.S. oil U.S. refineries United vulnerability Windfall Profit Tax world oil
Fréquemment cités
Page 561 - This option applies to all expenditures made by an operator for wages, fuel, repairs, hauling, supplies, etc., incident to and necessary for the drilling of wells and the preparation of wells for the production of oil or gas.
Page 591 - Council is a federation of 44 state and regional trade associations representing thousands of independent small business petroleum marketers. Members include gasoline and diesel fuel wholesalers, commissioned distributors of gasoline, gasoline reseller-retailers and a large number of retail fuel oil dealers. Members also wholesale or retail many other petroleum products, including kerosene, LI* gas, aviation fuels and motor oils as well as residual fuel oil.
Page 477 - Without import controls the domestic wellhead price would fall from $3.30 per barrel to about $2.00, which would correspond to the world price. Although we cannot exclude the possibility, we do not predict a substantial price rise in world oil markets over the coming decade.
Page 360 - In the past there has been a tendency to deal with politically difficult problems of this nature only in a crisis. Unfortunately, our Country's Inability to address and resolve such problems in advance of a crisis cost the US economy in the 1970's billions of dollars in addition to a loss of policy flexibility and significant additional costs in the areas of both foreign policy and defense. In the absence of any indication of a policy shift by the US Government, it is reasonable to anticipate that...
Page 486 - I an economist with the Congressional Research Service of the Library of Congress. I would like to thank you for the invitation to appear before you today to discuss...
Page 578 - ... and production of crude oil and natural gas in the United States, and would eliminate the percentage depletion allowance, an important source of cash flow for many independent producers.
Page 599 - Marketers Association Colorado Petroleum Marketers Association Independent Connecticut Petroleum Association Florida Petroleum Marketers Association Georgia Oilmen's Association Idaho Oil Marketers Association Illinois Petroleum Marketers Association...
Page 350 - I would be glad to respond to any questions the committee may have. [The prepared statement of Mr.
Page 12 - BEFORE THE ENVIRONMENT, ENERGY, AND NATURAL RESOURCES SUBCOMMITTEE OF THE COMMITTEE ON GOVERNMENT OPERATIONS US HOUSE OF REPRESENTATIVES APRIL 1, 1985 MR.
Page 517 - IMPACT ON THE NATIONAL ECONOMY OF REPEALING THE EXPENSING OF INTANGIBLE DRILLING COSTS Introduction This study examines the impact on the United States' economy of repealing the expensing of intangible drilling costs. Under current tax law, intangible drilling costs (IDC's) are defined as expenditures that in themselves do not have salvage value and are incident to and necessary for the drilling of wells and the preparation of wells for the production of oil and natural gas. Examples of intangible...