STATES PASS MEASURES TO HELP PRODUCERS DURING TOUGH TIMES

R.H. Baumann, Allan G. Pulsipher Center for Energy Studies Louisiana State University Baton Rouge, La. The chronic U.S. oil production decline which began in the 1970s, The economic deterioration that followed collapse of the artificially high world oil price in mid-1980, the shifting of exploration and production investments abroad, and downsizing by majors and large independents in the 1990s have steadily squeezed the public and private sectors of the major oil and gas producing states.

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