KEY TEST FOR CLINTON: ACTIVIST GOVERNMENT

The hopeful tones sounded at American Petroleum Institute's annual meeting in New York ring true. What's lacking is volume. Oil industry executives at the meeting warned against assumptions of the worst about the administration of President-elect Bill Clinton. Realities of the office and times, they said, will moderate Clinton's worst tendencies toward government activism. Besides, they might have added, what would a confrontational stance accomplish?

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