Jimmy Carter

“ The threat to national security, however, has not dissipated, and an effective means of reducing oil imports remains an imperative. I will work with Congress to reach this objective. In the meantime, the Mandatory Oil Import Program, which the PIAP had modified, will once again govern all importation of oil into this country. The small import fees associated with that Program were first imposed in 1973 and have been suspended since April 6, 1979. Under present circumstances, these fees would not fulfill the long term purposes for which they were originally adopted. ”

“ Licenses issued for the entry of crude oil and gasoline pursuant to Proclamation 4744, as amended, shall be considered to have been and to be issued pursuant to the authority contained in this Proclamation and shall be subject to all of its terms and conditions (except for those in the preceding sentence) , including those arising by virtue of the implementing regulations and interpretations.". ”