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Special Report: Federal, state tax prospects cloud independents' outlook

11/02/2009
By Nick Snow
US House members launched their newly formed natural gas caucus on Oct. 21 with a hearing designed to rally support for a domestic fuel they believe could play an increasingly significant role. One witness quickly injected a note of reality into the otherwise optimistic proceedings, however.Bruce H. Vincent, president of Houston-based independent Swift Energy Co. and vice-chairman of the Independent Petroleum Association of America, warned that proposals being made by Congress and President Barack Obama's administration could harm an industry that is already feeling pressure from lower commodity prices. Bills restricting commodity trading to discourage excessive speculation could keep ind...
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