The effects of United States oil import policy on the petroleum industry
The author uses microeconomic market analysis to study the U.S. oil import policy which was developed during the nineteen fifties and the early sixties to resolve the conflict between domestic producers and those petroleum companies which had extensive foreign crude oil reserves.
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DEFINITION OF PROBLEM AND STATISTICAL
UNDERLYING CAUSES OF THE SEVERITT OF
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Ashland Oil Atlantic Refining barrels per day bbls Bureau of Census Bureau of Mines capacity Chapter Committee Crown Central Petroleum crude oil crude prices crude production deliveries Department of Interior depletion Districts I-IV domestic crude domestic production East Coast economic effects Equation estimation exports finished products foreign crude foreign oil foreign producers function Gas Journal gasoline Graph Gulf Oil historical basis import program income increase inland refiners inventories IPAA July Lake Maracaibo levels mandatory program National Petroleum Council national security natural gas liquids Oil and Gas Oil Import Administration oil import problem oil industry output percentage period Petroleum Industry pipeline ports profit Puerto Rico ratio refinery refinery inputs regulations Report schedule Socony Sohio sources Standard Oil sunk costs Sunray suppliers supply Table tariff Texaco Texas Texas Railroad Commission Tidewater tion total demand trade Type II-A unfinished oils Venezuelan voluntary