WATCHING WASHINGTON CARBON TAX CONCERNS

With Patrick Crow A nagging concern to the oil industry is that Congress might levy a carbon tax on hydrocarbon use to reduce carbon dioxide emissions into the atmosphere. The European Community plans to levy a carbon tax equivalent to $3/bbl in 1993, rising to $10/bbl in 2000. Two studies were released recently in Washington, strongly warning against a similar U.S. tax. The Energy Department released a study, required by Congress, on options to cap CO2 emissions at 20% below recent levels by

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