PRICE-FIXING LEGACY SOURS U.S. POLITICS

The U.S. oil and gas producing industry is closer than usual to winning constructive action from Congress. Lawmakers in impressive numbers are paying serious attention to proposals that would preserve, mostly through tax relief, threatened production and incentives, again through tax breaks, for high cost exploration. This is welcome recognition that periods of market weakness hurt an important industry and the people who work in it. Alas, parts of that industry threaten to spoil things by

Apr 11th, 1994
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