Oil Industry reacting to Cries from Congress

US independent oil and gas producers still would like greater access to the Gulf of Mexico Outer Continental Shelf and federal acreage in the Rocky Mountains. But the mood in Washington, DC, has grown so hostile that they’re spending their time fighting punitive legislative proposals, officials of the Independent Petroleum Association of America said May 23.

“Our main message to Congress is to do no harm,” said IPAA Chairman Mike Linn, president of Linn Energy LLC, Pittsburgh. “We need a healthy industry. A windfall profit tax has the opposite effect. We had it before. It didn’t work. Something else needs to be done.”
Oil & Gas Journal