VOL. XXX

NO. 18

9-FEBRUARY-1987

OPEC/NON-OPEC AND OIL PRICES

US Industry Spokesmen Stress Threat of Import Dependence

Oil industry spokesmen in the US have again been stressing the threat tonational security caused by rapidly growing oil imports, and have called for theimposition of an import tax to protect domestic production and exploration.

Speaking to a Senate finance subcommittee on 30 January, IndependentPetroleum Association of America spokesman George Singer said that "the UShas lost...