NO. 22



Herrington Repeats opposition to Oil Import Fee

US Energy Secretary John Herrington has reiterated the Reaganadministration's opposition to a fee on oil imports, on the grounds that itwould damage the US economy. Speaking to the Senate Energy Committee on 1March, Mr. Herrington said that an Energy Department analysis showed that a$10/B import fee might help oil producing states in the US, but would reduce USGNP by $32bn and cost 450,000 jobs, and that as a result...