Hearings, Reports and Prints of the Senate Committee on the BudgetU.S. Government Printing Office, 1979 |
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$88 billion accelerated depreciation administration alternative barrels per day believe Bruce Pasternack budgetary build Chairman coal gasification coal liquefaction Congress conservation construction cost crash program crude oil CULBERSON CUTTER decision decontrol dollars economic Energy Security Corporation Energy Security Trust estimates Federal Government flexibility GARY HART gasohol going HILLS impact import reduction incentives increase legislation loan guarantees major marketplace ment million barrels mmb/d national security oil imports oil prices oil shale OPEC prices PASTERNACK percent phase potential President President's proposal price guarantees private sector production goals question reduce regulatory risk SCHEPPACH Security Trust Fund Senate Budget Committee Senator BELLMON Senator BOSCHWITZ Senator DOMENICI Senator EXON Senator HART shale oil STITT SYNFUELS DEVELOPMENT synfuels production SYNFUELS PROGRAM synthetic fuel plants synthetic fuel program synthetic fuels industry technologies tion UNIVERSITY OF CALIFORNIA windfall profits tax world oil
Passagens conhecidas
Página 68 - In tax expenditure lists published by the Office of Management and Budget, the Congressional Budget Office and the Staff of the Joint Committee on Taxation.
Página 97 - OPEC xii prices. Since private sector money would not be involved, overall efficiency would probably be lower. Similarly, loan guarantees would shift much of the cost and technological risk of building plants from the private sector to the government, thus reducing the incentives for efficiency. From a budgetary standpoint, moreover, loan guarantees for large-scale projects are undesirable since they tend to obligate the federal government to a potential future outlay (because of a default) that...
Página 88 - CHAIRMAN, SUBCOMMITTEE ON ENERGY FINANCING, COMMITTEE FOR ECONOMIC DEVELOPMENT Mr. Chairman and distinguished members of the committee, my name is Roderick M. Hills. I am a partner in the firm of Latham, Watkins and Hills, a Trustee of the Committee for Economic Development, and Chairman of its Subcommittee on Energy Financing. CED is a non-profit, non-partisan research and education organization comprised of approximately 200 business executives and university presidents. We appreciate the opportunity...
Página 134 - The committee now stands adjourned. (Whereupon, at 2:58 pm, the subcommittee was adjourned.) (The following material was submitted for the record :) STATEMENT or SENATOR THOMAS J.
Página 82 - NEW INDUSTRY NECESSARY TO MEET OUR NATIONAL NEEDS. AT THE PRESENT TIME AND FOR THE NEXT SEVERAL YEARS, FEW SYNFUEL TECHNOLOGIES WILL BE ECONOMICALLY COMPETITIVE WITH OIL WE CAN IMPORT, PRIVATE INDUSTRY is NOT NOW LIKELY TO UNDERTAKE SYNTHETIC 4020 1.
Página 82 - There are long and costly procedures which must be followed in order to satisfy all Federal, state and local regulatory requirements. These further increase the risk of project failure and large financial losses to private firms.
Página 97 - Similarly, loan guarantees would shift much of the cost and technological risk of building plants from the private sector to the Government, thus reducing the incentives for efficiency. From a budgetary standpoint, moreover, loan guarantees for large-scale projects are undesirable since they tend to obligate the Federal Government to a potential future outlay — as a result of a default — that may be considerably above the initial appropriation.
Página 91 - ... first-of-a-kind production plants. The incentives should not be open-ended. Rather, once the first increment of capacity has been brought on stream and the economic and environmental factors have been established, further expansion should be determined by cost-competitive decisions of the market place—unsubsidized by government.
Página 80 - ... energy sources. , For three years I have fought for a national energy policy to achieve each of these goals. Today, at long last, we are close to enacting such a policy into law. We must not falter now. I an asking the Congress to finish without delay the three essential pieces of the energy program — the Windfall Profits Tax, the Energy Security Corporation, and the Energy Mobilization Board. These bills are cornerstones for our energy security, oar national security, and our fight against...
Página 88 - US and other Free World countries to curtailments in energy availability from insecure foreign sources. As President Carter emphasized in his television address of July 15, the basic solution must lie in an effective long-term program to attack the problem through a wide range of coordinated actions. We agree that such a program should stress specific steps to increase energy supply and conservation; greater use of coal and nuclear power; and accelerated development of new energy technologies.