OGJ News Letter

07/26/1999
The antidumping petition targeting the four biggest exporters of oil to the U.S. looks to be in jeopardy and may be dismissed.That`s the latest word from Washington, where officials assessing the petition are hinting that the group sponsoring it, Save Domestic Oil Inc., may be hard-pressed to prove it has standing to file the petition. In part because of defections of some large independents from the effort, SDO may have trouble showing that the petition is supported by producers representing at least 25% of U.S. crude oil production.If the petition is accepted and the claims sustained, that would set off a process leading to the imposition of massive countervailing duties on oil imports ...
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