IPAA fighting again for federal oil, gas R&D support

Independent producers are back fighting what has become an annual spring battle to preserve federal support for domestic oil and gas research and development. But the stakes are much greater than a few tax breaks, an Independent Petroleum Association of America official said.“This has become an ongoing dispute between the Bush administration and Congress,” said Lee O. Fuller, IPAA’s vice-president for government affairs. “The administration apparently believes high oil and gas earnings no longer justify government support.”Major oil companies’ R&D is targeted where they’re spending money, which is mostly overseas and largely proprietary, he ex...

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