GAO's assessment of estimates of the difference between the cost of carrying imported oil on U.S ships protected by cargo-preference legislation and the cost of carrying oil on foreign-flag ships. The proposed legislation which would reserve a portion of U.S. petroleum imports for carriage by tankships under U.S. registry has been reported out of the House Committee on Merchant Marine and Fisheries as H.R. 1037. Witness agreed that U.S. shipping has substantially higher operating and capital costs than its foreign competitors. GAO's own estimates concurred.

  • Corporate Authors:

    U.S. General Accounting Office

    441 G Street, NW
    Washington, DC  United States  20548
  • Publication Date: 1977

Media Info

  • Pagination: 44 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00168232
  • Record Type: Publication
  • Source Agency: U.S. General Accounting Office
  • Report/Paper Numbers: PAD-77-82
  • Files: TRIS
  • Created Date: Jan 30 2003 12:00AM