Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: Tulvio Durand who wrote (27653)	8/14/1998 10:11:00 AM
From: Mike from La.	Read Replies (1) \| Respond to of 95453

Thanks for tracking down the details of the Senate Bill. The process now depends on approving the appropriations bill before congress recesses. I hope the push it through. Right now the problem is that Congress has not approved any appropriations for any Department. They are running way behind schedule, as the bills are supposed to be approved in time to be enacted by October 1. If not enacted by then, usually a continuing resolution is passed, which authorizes spending at last year's level, no new spending. If that doesn't happen the unfunded Government agencies shut down. That won't happen. If the new bills are not passed, the continuing resolution is the normal answer. I just wish this Congress was more attentive to performing their required functions. They do not seem to be concerned that they are running months behind schedule on their duties. I'm not throwing cold water on the idea, I just thought folks would like to know as accurate an assessment of the chance for a quick turn around in crude, as possible. It is also possible that Congress will pass the appropriations acts in a flurry of activity right at end of the session. I've also written my Representatives and got on them for not doing their jobs and allowing everything to get screwed up in their normal functions. I used that because the accusation of a "do nothing" Congress is becoming a campaign issue, and it strikes a nerve. Whatever works. Mike from La.