"Bradley's point-by-point economic analysis is a devastating rebuttal to currently fashionable arguments for a crude-oil import tariff."
--Arlon R. Tussing, ARTA, Inc.
Imposing an oil import fee or enacting other protectionist legislation would be an economically ruinous response to the oil industry's depressed profits, according to industry analyst Robert L. Bradley, Jr. In this book he shows that such an action would harm consumers, workers, and even its oil-producer "beneficiaries."
Bradley argues that the calls for protectionist tariffs are wrong-headed--artificially driving up the price of oil in the United States would lead not to sustained industry relief but to political and economic struggles within an overbuilt domestic industry. He outlines a program of market-oriented reforms in the areas of taxation, regulation, and privatization and maintains that only through such a program can the industry recover from its wounds.
1988/273pp./$23.50 cloth ISBN: 1-8191-7202-2/$11.95 paper ISBN: 1-8191-7203-0
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