Mandatory Oil Import Quota Program
- Mandatory Oil Import Quota Program
-
The Mandatory Oil Import Quota Program was a program of import restrictions on oil into the United States, beginning in 1959. Created under Presidential Proclamation 3279, the scheme was intended to prevent a dependence of the United States on imported petroleum supplies. From 1962, the maximum level of imports was set at 12.2% of domestic production.[1]
References
- ^ Charles J. Cicchetti, Willian J. Gillen (July 1973). "The Mandatory Oil Import Quote Program: A Consideration of Economic Efficiency and Equity". Natural Resources Journal.
Categories:
- History of the petroleum industry in the United States
- 1959 in the United States
Wikimedia Foundation.
2010.
Look at other dictionaries:
Chronology of world oil market events (1970-2005) — Basic OverviewThe 1970s See: 1970 1979 world oil market chronology 1970*January 1: U.S. Federal oil depletion allowance reduced from 27.5 to 22.0 percent. *May 3: TAP line from Saudi Arabia to the Mediterranean interrupted in Syria, creating all… … Wikipedia
Chronology of world oil market events (1970–2005) — Contents 1 Basic overview 2 The 1970s 2.1 1970 2.2 1971 … Wikipedia
1970-1979 world oil market chronology — 1970= *January 1: U.S. Federal oil depletion allowance reduced from 27.5 to 22.0 percent. *May 3: TAP line from Saudi Arabia to the Mediterranean interrupted in Syria, creating all time tanker rate highs from June to December. *September 4:… … Wikipedia
1973 world oil market chronology — *January 11: U.S. Phase III price controls begin. Allows for voluntary instead of mandatory price control on all U.S. prices. This does not prevent a sharp rise in heating oil prices caused by a severe winter and shortage of product. *January 17 … Wikipedia
United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… … Universalium
Iraq — /i rak , i rahk /, n. a republic in SW Asia, N of Saudi Arabia and W of Iran, centering in the Tigris Euphrates basin of Mesopotamia. 22,219,289; 172,000 sq. mi. (445,480 sq. km). Cap.: Baghdad. Also, Irak. * * * Iraq Introduction Iraq Background … Universalium
international relations — a branch of political science dealing with the relations between nations. [1970 75] * * * Study of the relations of states with each other and with international organizations and certain subnational entities (e.g., bureaucracies and political… … Universalium
Australia — /aw strayl yeuh/, n. 1. a continent SE of Asia, between the Indian and the Pacific oceans. 18,438,824; 2,948,366 sq. mi. (7,636,270 sq. km). 2. Commonwealth of, a member of the Commonwealth of Nations, consisting of the federated states and… … Universalium
Cuba — Cuban, adj., n. /kyooh beuh/; Sp. /kooh vah/, n. a republic in the Caribbean, S of Florida: largest island in the West Indies. 10,999,041; 44,218 sq. mi. (114,525 sq. km). Cap.: Havana. /kooh bah/, n. Cubba. * * * Cuba Introduction Cuba… … Universalium
ECONOMIC AFFAIRS — THE PRE MANDATE (LATE OTTOMAN) PERIOD Geography and Borders In September 1923 a new political entity was formally recognized by the international community. Palestine, or Ereẓ Israel as Jews have continued to refer to it for 2,000 years,… … Encyclopedia of Judaism
