The Gas Plan: Winners and Losers

Oil prices may be headed down, but the heat on natural gas keeps rising. Some tempers were getting close to the boiling point last week over President Rea gan's industry gas decontrol package, a complex effort to reshape an industry distorted by layers of regulation. Said Robert Hefner, president of GHK Co., an independent Oklahoma City gas producer: "We're getting double-crossed, and we're going to fight like hell."

Not everyone, of course, is angry over the proposal. The 33-page bill, sched uled for a Senate Energy Committee hearing this week, is intended to brake the upward winter of U.S. gas prices. The...

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