S. HRG. 99-676

DOMESTIC AND INTERNATIONAL PETROLEUM SITUATION AND THE IMPLICATIONS OF FEES ON IMPORTED OIL

HEARINGS

BEFORE THE

COMMITTEE ON

ENERGY AND NATURAL RESOURCES

UNITED STATES SENATE

NINETY-NINTH CONGRESS

SECOND SESSION

ON THE

DOMESTIC AND INTERNATIONAL PETROLEUM SITUATION AND THE IMPLICATIONS OF FEES ON IMPORTED OIL

60-978 O

MARCH 14, 20, AND 25, 1986

Printed for the use of the
Committee on Energy and Natural Resources

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON 1986

For sale by the Superintendent of Documents, Congressional Sales Office
U.S. Government Printing Office, Washington, DC 20402

Albertson, Robert B., first vice president, Smith Barney...

Bingaman, Hon. Jeff, a U.S. Senator from the State of New Mexico....

Blum, Jack A., general counsel, Independent Gasoline Marketers Council..

Dewes, John W., general manager, Economics Department, Chevron Corp

DiBona, Charles J., president, American Petroleum Institute.

Evans, Hon. Daniel J., a U.S. Senator from the State of Washington

Hecht, Hon. Chic, a U.S. Senator from the State of Nevada.....

Hefner, Reymond H., Jr., chairman, Independent Petroleum Association of

America...

63

3

217

169

132

9

2

193

King, Llewellyn, publisher, The Energy Daily.

Kinney, Gene T., editor, Oil & Gas Journal

108

95

Lichtblau, John H., president, Petroleum Industry Research Foundation, Inc...

McClure, Hon. James A., a U.S. Senator from the State of Idaho....

Murkowski, Hon. Frank H., a U.S. Senator from the State or Alaska

Schlesinger, Hon. James R..

34

1

9

10

Schuler, G. Henry M., Dewey F. Bartlett chair in energy security studies,

Center for Strategic and International Studies, Georgetown University..

Treat, John Elting, executive publisher, Petroleum Intelligence Weekly.

THURSDAY, MARCH 20, 1986

45

84

STATEMENTS

Bolch, Carl, Jr., president and chairman of the board, Racetrac Petroleum,

Inc

435

Burtis, Theodore A., chairman of the board of Sun Co., Inc.

Clements, John A., president, New England Fuel Institute..

Cooper, Dr. Mark N., director of energy, Consumer Federation of America

Copeland, Jack L., chairman, Copeland, Wickersham, Wiley, & Co..

Donohue, Thomas J., president and chief executive officer, American Truck-

ing Associations, Inc...

266

388

571

473

534

Evans, Hon. Daniel J., a U.S. Senator from the State of Washington..

Graves, J.M., president, Oklahoma Independent Petroleum Association

Hartley, Fred L., chairman and chief executive officer, Unocal Corp............

Hecht, Hon. Chic, a U.S. Senator from the State of Nevada.....

Johnston, Hon. J. Bennett, a U.S. Senator from the State of Louisiana.

Lamm, Lester P., president, Highway Users Federation......

McClure, Hon. James A., a U.S. Senator from the State of Idaho.

265

306

284

284

261

522

255

McNally, George J., president, Borg-Warner Chemicals, Inc....

370

Nickles, Hon. Don, a U.S. Senator from the State of Oklahoma....

Perrine, William E., administrative vice president, Ashland Oil, Inc.

Van Arsdall, R. Thomas, vice president, agricultural inputs and services,

National Council of Farmer Cooperatives......

253

319

547