IMPACTS OF FALLING WORLD OIL PRICES UPON UNITED STATES GOVERNMENT REVENUES
Prof. Thomas R. Stauffer
Center for Contemporary Arab Studies Georgetown University
Plummeting oil prices threaten US Government revenues, as well as those of OPEC states. Probable losses to the US Treasury in 1986 are $30bn, or more. Thus the US Government - which visibly welcomed OPEC's discomfiture - is now itself similarly afflicted.
US revenue losses are about one-half of those of OPEC, i.e....