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DOMESTIC OIL PRODUCERS LAUD SEN. DOLE'S COMMENTS ON OIL IMPORT FEE

 WASHINGTON, Feb. 1 /PRNewswire/ -- The Independent Petroleum Association of America issued the following:
 Independent Petroleum Association of America (IPAA) President Denise A. Bode today commended the willingness of Senate Minority Leader Robert Dole (R-Kan.) to consider endorsing an oil import fee.
 Dole's remarks were made on NBC-TV's "Meet the Press" on Sunday, Jan. 31.
 Dole's comments came after a week in which Sens. J. Bennett Johnston (D-La.) and Bob Krueger (D-Texas) introduced a bill to set a floor price for imported oil. Sen. Don Nickles (R-Okla.) introduced a similar bill a week earlier.
 In commending Dole, Bode said: "We believe an oil import fee is the only energy tax proposal which addresses the core issue of American dependence on imported oil. It is the only proposal which will raise federal revenue, encourage conversation and promote domestic oil production."
 Bode explained that all energy consumption taxes are not alike. Some are more regressive than others. She quoted from a recently released study which revealed that gasoline taxes hit the poor eight times harder and the middle class four times harder than they hit upper income individuals. "A gas tax is poor public policy executed on the backs of those that can least afford to fight back," she said.
 An oil import fee is the most equitable tax, she explained, since it spreads the burden across all segments of society and sections of the country. Its impact would be felt in New England because it would have an effect on the price of heating oil, but it also would be felt by commuters in the west and southwest, manufacturers who use oil stocks to make other products and utility companies which use it to generate electricity.
 An oil import fee will promote national security as it lessens U.S. dependence on foreign oil from politically volatile areas of the world.
 Imported oil represents more than -0- 2/1/93
 /CONTACT: Judy Leon of the Independent Petroleum Association of America, 202-857-4770/


CO: Independent Petroleum Association of America ST: District of Columbia IN: OIL SU: LEG

MH -- DC026 -- 6644 02/01/93 16:13 EST
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Date:Feb 1, 1993
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