California Crude Oil: An Analysis of Posted Prices and Fair Market Value
GGD-88-114
Published: Sep 08, 1988. Publicly Released: Oct 12, 1988.
Skip to Highlights
Highlights
In response to a congressional request, GAO reviewed whether posted crude oil prices in California reflected the oil's fair market value for federal windfall profit tax and royalty purposes.
Full Report
Office of Public Affairs
Topics
Cost analysisDomestic crude oilExcess profitsFederal taxesstate relationsGovernment collectionsOil fieldsOil resourcesPetroleum pricesPetroleum products