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Special Feature's an Oil Tariff Justified? An American Debate

I. Reality Says No, Arlon R. Tussing and Samuel A. Van VactorII. The Numbers Say Yes, Harry G. Broadman and William W. HoganIII. The Numbers Say No, Dale M. Nesbitt and Thomas Y. ChoiMany oil industry spokesmen who pleaded for a free market in the era of regulation are now urging the opposite: federal protection from low-cost imported oil. It is ironic that some economists should find merit in these arguments, particularly now that the very idea of free trade is facing the most serious assault in decades.

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Energy Specializations: Petroleum – Policy and Regulation

JEL Codes: Q41: Energy: Demand and Supply; Prices, Q40: Energy: General, Q37: Nonrenewable Resources and Conservation: Issues in International Trade, Q35: Hydrocarbon Resources, Q02: Commodity Markets

Keywords: Oil tariff, US, Energy policy, Government

DOI: 10.5547/ISSN0195-6574-EJ-Vol9-No3-1

Published in Volume 9, Number 3 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.


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