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Senate approves oil import quota for U S tankers
The Senate votes 42 0 28 to require a portion of U S oil imports to be carried on American tankers with a plan to reach 30 percent by 1977 A waiver for emergencies could be added 180 days per president Long argues the move helps national security and jobs while opponents warn of inflation and higher oil costs Cotton predicts escalation of prices if enacted Institute estimates 60 billion extra by 1985 despite tariff relief from import fee reductions
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Washington
UPS
Senate
U.S
Russell Long
Dlin
United States
Norris Cotton
R-Nh
Catton
American Petroleum Institute
Long