White House summit

Patrick Crow Washington, D.C. patc@ogjonline.com U.S. Energy Sec. Bill Richardson has released a barrage of small measures to help oil companies through the current depression, and has more coming. So far, none of the Energy Department initiatives would improve producers' bottom line (OGJ, Feb. 22, 1999, p. 24). That's one reason small producers want federal tax relief for marginal wells. Although the Treasury Department-somewhat predictably-opposes such tax breaks (see story, p. 30), Richardson maintains it's not a dead issue yet. He said DOE is working within the Clinton administration "to see if part of the tax bill (this spring) can consider t...

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