Relief for producers

09/13/1999
When business conditions sour, there can never be enough relief for companies and individuals devastated by the downturn. Yet economics, as it does with everything else, sets limits on relief. It is within this framework that U.S. oil and gas producers should assess government relief implemented in response to an 18-month price slump.If not enough, the response has at least been impressive. And it has occurred where oil price weakness did maximum damage to public treasuries-at the state level.State measuresThis year, several states created or enhanced measures to keep marginally economic oil and gas wells on stream during the price slump. Some acted to revive inactive wells.Among examples...
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