WATCHING WASHINGTON POSITIVE NEWS FOR IPAA
With Patrick Crow Positive news reverberated through the Independent Petroleum Association of America's recent midyear meeting in Washington. The meeting coincided with the House ways and means committee's passage of a bill that moved collection points for the proposed BTU tax on oil and gas closer to the consumer, just as producers wanted. Then oil state lawmakers, mainly Sen. David Boren (D-Okla.), assured producers they will try to kill the BTU tax.
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