Windfall Profits Tax: Hearing Before the Subcommittee on Oversight and Investigations of the Committee on Energy and Commerce, House of Representatives, Ninety-eighth Congress, First Session, on the Windfall Profits Tax and Product Marketing Consequences of the Wellhead Pricing Practices of Alaska North Slope Crude Oil Producers, February 23, 1983 |
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70 percent Alaska Alaskan North Slope antitrust Arco Arco's prices Atlantic Richfield barrels a day barrels per day BLILEY BLUM calculation California cents Chair Chairman charge charter CHISHOLM COLUMBUS committee competitive competitors CONGRESS LIBRARY CONGRESS THE LIBRARY consumer correct credit card dealers decontrol DINGELL distributors dollar DOYLE efficient Exxon Federal FERC gallon gasoline Gasoline Marketers gentleman going gulf coast independent marketers independent refiners jobber Jones Act LIBRARY OF CONGRES LIBRARY OF CONGRESS Los Angeles basin marketplace McGIMPSEY methodology MORRISON motor fuels North Slope crude operating OXLEY paid pipeline price of crude Prudhoe Bay question rack market refineries removal price retail revenue sell SIKORSKI SIMS SLATTERY Slope crude oil Sohio stations subcommittee subtract suppliers supply tanker tariff testimony Thank third party tion transportation costs United Valdez vessel wellhead west coast price west Texas sour WHITTAKER windfall profits tax zone
Popular passages
Page 67 - Before the Subcommittee on Oversight and Investigations of the Committee on Energy and Commerce of the US House of Representatives Statement of R.
Page 81 - Council is a federation of 43 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...
Page 83 - I should desist there and I would be happy to answer any questions the subcommittee may have. [Testimony resumes on p.
Page 94 - Congressman — that is a small area where there is substantial market power. There and only there will Arco's price differential consistently be significantly below everybody else, all of its other competitors. In other zones where there may be one Arco outlet out of a total sample of outlets in the whole zone of maybe 15, they will meet the lowest price.
Page 5 - He would reduce the price for his oil on the west coast until it reached a level of indifference, with the alternative of shipping it to the gulf coast.
Page 47 - Tosco, a large refiner on the west coast, we know cannot buy crude oil for anything like the price that Arco claims is its transfer price. Tosco is a major supplier of independents.
Page 19 - But they do not bear a relationship between the transportation charge differential between the coasts, as indicated in the prices we supplied...
Page 22 - California postings are different than these prices, and the second question would be why someone would spend $4 to take crude on a voyage which only gives them a $1 value.
Page 44 - ... the Japanese scientists. Primarily the analyses of the data have been done by Allen of Canada, some Japanese scientists and myself. Mr. FRASER. I did not mean to prolong these hearings to such a degree, but some of these questions seemed to suggest themselves by what has been testified to earlier. Are there any further comments that any of you would like to make in connection with our original interest on whether or not this subcommittee should pass some kind of resolution? None of you have anything...
Page 22 - I would just like to clarify that we are talking about the same total set of numbers, but perhaps the numbers have been put together a little differently.