Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: marc chatman who wrote (36097)	1/28/1999 6:32:00 PM
From: marc chatman	Read Replies (2) of 95453

Thursday January 28, 6:05 pm Eastern Time Oil Industry Wants Government Help ... Legislation introduced Thursday by Sen. Kay Bailey Hutchinson, R-Texas, would give a tax credit to operators of marginal oil wells and tax relief to those willing to restart some of the thousands of wells that have been shut down because they're not profitable with the currently depressed prices. ... biz.yahoo.com I really sympathize with the people losing their jobs, but the thought of the Government subsidizing inefficient wells, causing an increase in supply and more pressure on crude prices is a nightmare-in-the-making. Actually, it sounds like something the Government would do.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next