Protectionism fails again

08/16/1999
Only Congress can fix the dilemma created by the U.S. oil producers who failed last week to win protection against foreign competition. Congressional oblivion helped create the impasse.In declining to act on the antidumping petition filed by a group called Save Domestic Oil, the Commerce Department made the right choice. But the precedent remains: Crude prices fall; producers seek relief under the Tariff Act of 1930.New tacticThis wasn't the first appeal by independent producers for protection against imported oil. Acting in past price slumps under the Trade Expansion Act of 1962, producers won nothing beyond official statements that imports threaten national security.Save Domestic Oi...
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