The “catastrophic” impact of anemic crude oil prices on domesticoil and gas producers will require Congress and the Clintonadministration to take “extraordinary” measures to resuscitate an”industry that is on its knees,” lawmakers on the Senate Energy andNatural Resources Committee said last week.
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Producers Facing ‘Catastrophic’ Market Seek Aid
The “catastrophic” impact of anemic crude oil prices on domesticoil and gas producers requires Congress and the Clintonadministration to take “extraordinary” measures to revive an”industry that is on its knees,” lawmakers on the Senate Energy andNatural Resources Committee said Thursday.
January 29, 1999
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