Washington in '94: Clouds in the forecast. [Regulatory outlook for the oil and gas industry]

This paper reviews the potential impacts of new and revisited legislation on the oil and gas industry. It discusses the potential impacts of the new Domestic Natural Gas and Oil Initiative which is supposed to enhance America's economic competitiveness in a secure energy source. It summarizes the economic action items of this initiative. The paper goes on to discuss new oil and gas leasing policies in the Gulf of Mexico by the Mineral Management Service and a discussion of the OCS natural Gas and Oil Resource Management Program for 1992--1997. Other regulatory programs discussed include the Clean Water Act, the Biological Survey Bill, and revisions to the Environmental Protection Agency.