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Watching Government: Independents begin long haul
03/23/2009
The opportunity was too tempting to resist. After US President Barack H. Obama hosted a small business roundtable at the White House Mar. 16, Independent Petroleum Association of America Pres. Barry Russell reminded him that independent producers are small businesses too.“The median number of full-time employees at these oil and gas exploration and production companies is 12, and these companies have been reinvesting 150% of their cash flow back into the development of new technology aimed at finding and producing more energy from fewer wells,” Russell said on Mar. 17.“As the president moves forward on an aggressive plan to support and promote small businesses through ne...
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