[ No headline ]

Consumers aren't alone in worrying about the effects of oil-price decontrol. There is more than a little concern in the oil industry itself -- by small refiners.

With the scheduled decontrol of domestic oil prices next October, a timetable that may be shortened under President-elect Reagan, federal entitlements and mandatory crude allocation programs also will expire. These programs help small refiners, which usually have no oil production of heir own, get access to crude.

Small refiners claim that without some form of continued federal protection, the major oil companies will squeeze them out of existence. That could cause shortages, particularly in rural areas where small refiners often are the only local source of petroleum products.m

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK