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Import Quota Auction and Fee Free Ticket Distribution
Estimated Shortfall Under An 8 5 mbd Quota
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0.2 elasticity 8.5 mbd quota accrue to crude AMOCO amount average base BILL ARCHER BILL FRENZEL CM CM CN CN conservation consumer price consumer price index crude oil crude production current perceptions DATA RESOURCES INC decontrol demand curve demand elasticity domestic crude domestic production domestic refiners domestic supply economic effects elasticity of demand estimating quota forecast GUY VANDER JAGT HENSON MOORE higher prices impacts import demand import license fee import quota import tickets IMPORTS SHORTFALL industry revenues KEN HOLLAND macroeconomic effects MARTY RUSSO mbd of imports Minnesota JAMES G MOIP monies Oil Import oil industry oil prices oil production OPEC petroleum PIRINC price increase price rise processing gain product imports PROJECTED SUPPLY quota on refined quota proposals refined product prices refineries result revenues accrue scenario Subcommittee on Trade supply and demand supply curve supply elasticity supply responds Table ticket auction VANIK windfall profits tax