White House budget plan would overhaul oil, gas research

02/11/2002
The fiscal 2003 budget proposed by the administration of Presiden George W. Bush would require the Department of Energy to overhaul the way it funds oil and gas research.The White House again would slash oil and gas research spending by 50% -a proposal that Congress overrode last year.The administration asked, for the fiscal year beginning Oct. 1, to cut natural gas research from $45.2 million to $22.6 million and oil technology research from $56 million to $35.4 million.The White House's Office of Management and Budget said some projects are more effective than others, and that DOE needs to find a better way to prioritize value.An industry analyst familiar with the White House's ...
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