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Rewriting the Export Administration Act: Hearing Before the Subcommittee on Economic Policy, Trade and Environment of the Committee on Foreign ... Congress, First Session; November 18, 1993
Excerpt from Rewriting the Export Administration Act
California and the Western States are an isolated market. They do not impact on the price of oil either in the Gulf or on the East Coast. The argument initially that I heard most often for prohibit ing the export of North Slope crude oil was for independence, for security, for maximizing the use of American oil; if we are going to produce it, we are not going to let foreigners benefit from this oil; only Americans are going to benefit.
California and the Western States are an isolated market. They do not impact on the price of oil either in the Gulf or on the East Coast. The argument initially that I heard most often for prohibit ing the export of North Slope crude oil was for independence, for security, for maximizing the use of American oil; if we are going to produce it, we are not going to let foreigners benefit from this oil; only Americans are going to benefit.
198 pages, Paperback
Published August 24, 2018
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