The Case for More-Restrictive Oil Imports
- Minor S. Jameson Jr. (Independent Petroleum Assn. Of America)
- Document ID
- Society of Petroleum Engineers
- Journal of Petroleum Technology
- Publication Date
- July 1962
- Document Type
- Journal Paper
- 703 - 707
- 1962. Original copyright American Institute of Mining, Metallurgical, and Petroleum Engineers, Inc. Copyright has expired.
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From the titles of this paper bind the paper by Lichtblau dealing with oil imports policy, it is apparent that the two discussions involve questions of degree, in contrast to the "pro" and "con" arguments usually presented on controversial subjects. This, in itself. is a matter of considerable significance when it is appreciated that as recently as five years ago discussions, with few exceptions, revolved around the issue of whether or not national policy as to oil imports should be restrictive or nonrestrictive.
The point of reference as to what constitutes "more" and "less" restrictive is the existing program of Government import controls under the Presidential Proclamation of March 10, 1959, as amended. A brief description of the degree of restriction under the present Government import program, therefore, will place in perspective the discussions to follow.
Standards for restrictions imposed under existing import policy may be summarized as follows:
1. Imports (excluding residual fuel-oil) into Districts I, II, III and IV, the area east of the Rocky Mountains, are limited to 9 per cent of total petroleum demand in these districts.
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