WATCHING WASHINGTON YERGIN'S VIEW OF THE INDUSTRY

Oil industry observer Daniel Yergin thinks the Clinton administration is likely to opt for higher gasoline taxes. "In one form or another, some kind of higher energy taxation appears more likely than even 6 weeks ago, in the context of deficit reduction." Yergin, president of Cambridge Energy Research Associates, thinks Clinton will reject a carbon tax or an oil import fee because of the problems they present.

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