Oil and Gas in the Capitals ///
Pending and proposed legislation in the US Congress has troubling implications for the oil industry, and for the entire US economy. A bill to regulate hydraulic fracturing could seriously impact nearly 90% of unconventional US oil and gas production while producing few, if any, environmental benefits. Much more seriously, in June, the House of Representatives passed its version of cap-and-trade legislation that, if enacted into law, would devastate the US oil industry.
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