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 28
... TARIFF OR TAX ON OIL PRODUCTS COULD TO SOME EXTENT REDUCE OUR DEPENDENCE ON INSECURE SOURCES OF SUPPLY . ON THE OTHER HAND , SUCH A POLICY WOULD HURT CONSUMERS AND INDUSTRIES , DAMAGE TRADE RELATIONS WITH OUR NEIGHBORS AND ALLIES , AND ...
... TARIFF OR TAX ON OIL PRODUCTS COULD TO SOME EXTENT REDUCE OUR DEPENDENCE ON INSECURE SOURCES OF SUPPLY . ON THE OTHER HAND , SUCH A POLICY WOULD HURT CONSUMERS AND INDUSTRIES , DAMAGE TRADE RELATIONS WITH OUR NEIGHBORS AND ALLIES , AND ...
Page 47
... Tariff Schedules of U.S. Annotated ( TSUSA ) codes , which divide commodities differently than EIA , do not consider end - use , and do not adjust for crude oil character- istics ( e.g. , sulfur and gravity ) . Importers are required to ...
... Tariff Schedules of U.S. Annotated ( TSUSA ) codes , which divide commodities differently than EIA , do not consider end - use , and do not adjust for crude oil character- istics ( e.g. , sulfur and gravity ) . Importers are required to ...
Page 244
... interesting results in this regard come in the form of comparisons between SPR policy and tariff policy or macroeconomic fiscal and monetary policy . See Chapter IV for a discussion . 33. Explicit considerations of the trade - offs 244.
... interesting results in this regard come in the form of comparisons between SPR policy and tariff policy or macroeconomic fiscal and monetary policy . See Chapter IV for a discussion . 33. Explicit considerations of the trade - offs 244.
Page 285
... tariff ) to fill the gap . However , we have seen that this is not necessarily true when there are price rigidities in the system . Since the price shock itself is a problem , a tax or tariff may only aggravate the effects on aggregate ...
... tariff ) to fill the gap . However , we have seen that this is not necessarily true when there are price rigidities in the system . Since the price shock itself is a problem , a tax or tariff may only aggravate the effects on aggregate ...
Page 286
... tariff produces , and 2 ) that the tariff revenues are recycled back into the economy efficiently and instantaneously . To the extent that these goals cannot be achieved , the optimal emergency tariffs and attendant benefits shown here ...
... tariff produces , and 2 ) that the tariff revenues are recycled back into the economy efficiently and instantaneously . To the extent that these goals cannot be achieved , the optimal emergency tariffs and attendant benefits shown here ...
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Expressions et termes fréquents
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...