US industry expects more political turbulence in ‘06

The US oil and gas industry has moved into 2006 fully expecting the past year’s political turbulence to continue.Trade association executives came into 2005 with passage of a comprehensive federal energy bill as their primary goal. One year later, many hope that supply interruptions and the gasoline price spike following Hurricane Katrina won’t lead to punitive legislation. Click here to enlarge image“I think 2006 will be a lot like 2005. It certainly won’t be a year of the status quo,” American Petroleum Institute Pres. Red Cavaney maintained.One key lesson for the industry this past year has been that it has not told its story well and was being penalized ...

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