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Editorial comment

On 13th February, President Obama presented his US$ 3.8 trillion FY 2013 budget proposal. Since then, comments on the plans have been flowing from newspapers, financial institutes, government bodies and associations involved in the oil and gas industry in particular. To say that many aspects of the president’s propositions didn’t go down well with oil and gas authorities would be an understatement.


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On 13th February, President Obama presented his US$ 3.8 trillion FY 2013 budget proposal. Since then, comments on the plans have been flowing from newspapers, financial institutes, government bodies and associations involved in the oil and gas industry in particular. To say that many aspects of the president’s propositions didn’t go down well with oil and gas authorities would be an understatement.