Word: importation
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Dates: during 1980-1989
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...EEPC report, called "Energy Security Revisited," advocated a $5 a barrel oil import fee and said the conclusions of a 1987 Energy Department study were politically biased. Written by Bradshaw Professor of Public Policy William W. Hogan and EEPC Assistant Director Bijan Mossavar-Rahmani, the report said the DOE miscalculated by $200 billion the effects an oil import fee would have on the economy...
Observers questioned the objectivity of the approximately $75,000 EEPC study at the time of its release because it was partially funded by independent oil companies who have a strong business stake in backing an oil import fee. (see related story...
Stelzer also said Union Carbide, which had given $15,000 annually to the center for the past few years, cut ties to the center following the study's release. Union Carbide, along with other multinational oil and chemical companies and the Reagan Administration opposes an oil import...
Hogan, who long advocated an oil-import tariffbefore releasing the "Energy Security Revisited"report last September, said yesterday that whilehe had no documentation to prove that the center'sfunding was withdrawn for political reasons, thetiming of the funding withdrawal seemed toindicate a retaliatory move on the EnergyDepartment's part...
...economic summit in Toronto to showcase Japan's growing involvement in global affairs. Takeshita unveiled a $50 billion foreign-aid package before the meeting that would make Tokyo the world's largest donor. Japan also announced a debt-relief program for Third World countries and agreed to phase out import quotas on oranges and beef...