Watching Government
Energy buzz

03/20/2000
Congress has done a pretty good job of ignoring oil and gas issues the past decade.Even when oil prices plunged to decade lows last year and producers were in dire straits, Congress did little to help them.But soaring home heating oil and gasoline prices the past 2 months have changed everything. Suddenly, legislators are filing or cosponsoring energy bills right and left.The Organization of Petroleum Exporting Countries is in the driver's seat on oil prices, and the Clinton administration is in the hot seat.It has urged key OPEC producers to raise output. It has refused to draw down the Strategic Petroleum Reserve to lower prices (but has kept the option open in case OPEC is uncooper...
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