VOL. XXXII

NO. 14

9-JANUARY-1989

OPEC/NON-OPEC

Reagan Rules Out Oil Import Fee

President Ronald Reagan declared on 3 January that he had decided against anyoil import fee or other action to curb oil imports, despite possible disruptionof supplies from "potentially insecure sources." The President actedon the recommendation of Commerce Secretary William Verity, who reported thatimport restrictions "would not be cost effective and, in the long run,would impair rather than enhance national security."...