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Provisions Set for Oil Imports Pending 1968 Program
Washington AP Udall announced interim oil import provisions ahead of the 1968 program. Eligible importers may bring in up to 20 percent of 1967 allocations, deducted from next year’s allowances. Interim licenses likely total about 11 percent east of the Rockies and 20 percent on the West Coast, with 1,101,416 barrels daily set for crude and unfinished oil east of the Rockies. Domestic production is estimated at 9,028,000 barrels daily for 1968. West Coast imports are forecast at 322,000 barrels daily to balance supply and demand.
MENTIONED IN THIS ARTICLE
Washington
Stuart L. Udall
Udall
Rocky Mountains
West Coast
Rockies
Interior Department
Hess Oil and Chemical Co
Virgin Islands
Oil Import Appeals Board