Some Consequences of Crude Oil Decontrol |
Common terms and phrases
1979 through January accelerate decontrol American Petroleum Institute average rotary rig barrels per day composite price Consequences of Crude consumers controls been retained crude oil prices decline decontrol decision Department of Energy domestic crude oil domestic oil prices drilling activity economy elasticity of demand entitlement tickets entitlements program EPAA EPCA controls EPCA price controls estimate the impact gasoline higher oil prices higher prices impact of decontrol imported oil January 28 lower 48 million barrels money supply natural gas oil and petroleum oil price controls oil to refiners OPEC OPEC's pricing power percent period June 1979 petroleum consumption petroleum prices petroleum product prices President Reagan's decision price of oil price of refined prices under EPCA production trends rate of inflation refined products result of decontrol rotary rig activity short-run elasticities Strategic Petroleum Reserve subsidy thousand barrels U.S. petroleum Washington Star wellhead windfall profits tax world oil prices world price