Oil and gas in the Capitals ///

Elephants stampede national energy debate. When elephants stampede, goes the wise old African saying, grass gets trampled upon. It’s not certain whom the grass is in this case, but it’s likely to be the American consumer, ratepayer or taxpayer (essentially the same thing). The elephants in this case are Federal Reserve Board Chairman Alan Greenspan and Energy Secretary Spencer Abraham. Behaving unusually, Greenspan testified twice recently before the Senate Energy and Natural Resources Committee on a suddenly dear topic. For his part, the secretary convened an urgent, much-publicized “Natural Gas Summit” on the matter.

Log in to view this article.

Not yet a subscriber?  Get started now for immediate access to this content and more.



Already a subscriber but don’t have an online account? Contact our customer service.