Patrick Crow Washington, D.C.
It's still unclear what the Clinton administration will propose to help U.S. producers survive the depression.
U.S. Energy Sec. Bill Richardson has been examining a laundry list of proposals for more than a month to determine what is doable, both politically and economically.
Action was expected in January (OGJ, Jan. 11, 1999, p. 24). But now February is here, and Richardson presumably is focused on his trip to Saudi Arabia this week.
The best bets are still that he will propose buying U.S. crude for storage in the Strategic Petroleum Reserve, and that Congress will enact tax credits to sustain ma...