United States: Washington in 2003 ///

A veteran Washington energy insider puts it best. “The truth of the matter,” he says, “is that nowadays (and perhaps for the last five years at least) in oil and gas, nothing of what goes on in Washington really makes much of a difference. It’s only the people in Washington who think it does. Energy reporters just transcribe what the politicians and bureaucrats tell them. But there is no value added. Either because they are too ignorant or too busy, reporters just pass on what they’re told. Mostly these are lies or half-truths.” Yes, it is a melancholy comment, but an insightful one. In Washington energy circles, two topics predominate – politics and economics, and (more interestingly) the gray area between the two.

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