u US U.S. s. s Policy Discourages Domestic Oil Production Findlay Ohio HK The nation will not reach its goal of energy sufficiency self-sufficiency unless federal policies that discourage domestic production production production tion of petroleum products are changed Harold D D. D Hoopman president president president pres pres- ident of Marathon Oil Company Company Company Com Com- pany said that mandatory al allocation allocation al- al allocation location and price controls on crude oil and petroleum is a blueprint for energy bank bank- And he said that job loss and economic deterioration could result from a precipitous precipitous tous cutback in foreign oil im im- im- im ports A reduction in imports at atthe atthe atthe the level proposed 18 million million mil mil- million lion barrels per day or the 1972 level could cause calise the loss of approximately 44 million jobs and a reduction in the Gross National Product GNP of nearly 70 billion he said The way to decrease our dependence on foreign oil with its political and economic perils he stressed is to encourage encourage encourage en en- courage domestic production and exploration rather than by legislating mandatory con con- Hoopman said there is a close link between energy consumption and jobs For each one billion barrels of oil consumed billion in GNP is produced giving employment employment employment em em- to nearly 24 million Americans Rather than encourage domestic production Hoopman Hoopman Hoopman Hoop Hoop- man charged that federal policies hurt only those com corn panics that have spent the time and the money to develop adequate adequate adequate ade ade- quate domestic crude supplies over the years Marathon Oil for example example example exam exam- has paid over 12 million to other oil companies for the illusory right to run our oil through h our own refineries he said The way to achieve energy independence is to create a climate in which domestic production can proceed proceed pro pro- at a rate to match our level of imports and thus re reduce reduce reduce re- re duce dependence on foreign oil he concluded UK H HO