ENERGY TAXES STILL A THREAT IN THE U.S.

A BTU tax grudgingly passed by the U.S. House of Representatives now limps toward a House-Senate conference. It probably won't pass. For the oil and gas industry, however, the battle is far from over. The industry should take two positions as the conference committee works on a compromise in the Clinton administration's deficit reduction package. It should oppose any tax increase, not just the BTU levy. And it should counter the environmentalist claims behind so many proposed energy

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