VOL. XXX

NO. 4

03-November-1986

OPEC AND OIL PRICES

IPAA Calls for US Import Fee

The Independent Petroleum Association of America (IPAA), which representsindependent US domestic oil producers, has called on President Reagan to imposea fee on oil imports if prices remain at the current low level. A report by anIPAA task force released on 27 October urges Mr. Reagan to "declare to OPECthat the VS will take all actions necessary to prevent the destruction ofdomestic energy industries" and to impose...