Watching Government: Crisis and securities

Congress has a lot to consider before lawmakers leave in early October to campaign for the fall elections. Of perennial interest to industry are the 13 spending bills that fund the federal government each year. But more pressing is a pending comprehensive energy bill that addresses a myriad of issues impacting the oil and gas industry (see Newsletter).Industry officials are betting that lawmakers want to show their constituents that Capitol Hill's 2-year consideration of energy reform legislation was not a waste of time. California power outages may be a fading memory and gasoline prices are still in historically manageable ranges, but the public recognizes the "driving need" to updat...

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