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Energy policy blamed for U.S. fuel shortages says Ikard
Frank N Ikard, API president and former Texas congressman, blames federal inaction on offshore leases and a patchwork import policy for the energy crisis. He cites limited 1960s lease sales, delayed Alaska pipeline, tax shifts reducing drilling, and high costs that deter capital while noting refineries and offshore policy shaped the industry’s fate. He argues government must allow fair returns and open offshore areas to boost domestic production.
MENTIONED IN THIS ARTICLE
Stan Benjamin
Associated Press
Washington
Frank N. Ikard
Ikard
William ©. Simon
Federal Energy Office
Texas
American Petroleum Institute
API
Treasury
Thard