This past November,after a wild hurricane season,the oil and gas industry survived yet another storm on the floor of the U.S.Senate as no less than three windfall-profits tax proposals were beaten back.But with mid-term Congressional elections little more than 10 months away,and analysts forecasting average US50 to US60 oil prices for 2006,this issue is almost certain to again grab political center stage.And,if there's a shift in the balance of power in the Republican-controlled Senate after the first Tuesday in November,the voting outcome may well be different the next time around.
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