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Do Volatile Oil Prices and Consumer Adjustment Costs Justify An Additional Petroleum Tax?

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  • Franz Wirl

Abstract

A number of papers have considered different reasons for defending or refuting additional crude oil taxation directly or indirectly via an import duty. Hogan-Rahmani (1987) refer to "national security of supply" in advocating an oil import fee. This relates to another work of the authors (see Hogan-Rahmani-Jorgenson-Cooper (1988)), in which they state that energy demand (and in particular U.S. oil dependence) will dramatically rise due to prevailing low crude oil prices. An extensive discussion of this controversial issue has gone on in this journal, e.g., see Wright (1988), Singer (1988), Huntington (1988) reviewing the DOE report on Energy Security and the "American Debate" by Curlee, Tussing and Vactor (1988), Nesbitt and Choi (1988), and the defense of Broadman and Hogan (1988). Bizer and Stuart (1987) address a different aspect of an oil import fee, namely as an instrument of public finance. However, they dismiss import duties as an inefficient instrument for raising revenues.

Suggested Citation

  • Franz Wirl, 1990. "Do Volatile Oil Prices and Consumer Adjustment Costs Justify An Additional Petroleum Tax?," The Energy Journal, , vol. 11(1), pages 147-151, January.
    • Handle: RePEc:sae:enejou:v:11:y:1990:i:1:p:147-151
    DOI: 10.5547/ISSN0195-6574-EJ-Vol11-No1-12
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    References listed on IDEAS

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    1. Hillard G. Huntington, 1988. "Should CNP Impacts Preclude Oil Tariffs?," The Energy Journal, , vol. 9(2), pages 31-44, April.
    2. Bizer, David S & Stuart, Charles, 1987. "The Public Finance of a Protective Tariff: The Case of an Oil Import Fee," American Economic Review, American Economic Association, vol. 77(5), pages 1019-1022, December.
    3. T. Randall Curlee & Arthur W. Wright, 1988. "Spinning Wheels: A Review Article," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 3-16.
    Full references (including those not matched with items on IDEAS)

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