Word: dibona
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Dates: during 1990-1999
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...cause ^ any big shift in fuel choices," says an official of the United Mine Workers union. "We prefer it to the carbon tax, which could destroy our industry." But the levy would still run afoul of powerful interests that reject the very idea of new energy taxes. Says Charles DiBona, president of the American Petroleum Institute: "The deficit is a national problem and requires a national solution, not a tax on a single critical segment of the economy...
...first the industry vigorously defended its pricing policies. Charles DiBona, president of the American Petroleum Institute, accused the industry's critics of taking "a naive and one-sided view of how markets work." In fact, wholesale prices for more than two-thirds of all the oil imported into the U.S. are pegged to the spot prices set by commodity traders at the New York Mercantile Exchange, where the cost of oil floats up and down according to global supply and demand. Though spot-market prices for gasoline rose 20 cents per gal. in the first few frantic trading days after...