Energy Policy:

Independent Petroleum Assoc.'s Linn expects uphill battle on OCS

With the major oil companies reporting record profits recently, Congress has begun to take a hard look at oil industry incentives. But how will independent oil companies be affected by potential changes? And what are the legislative goals of the independent oil producers now that Democrats are in power? During today's OnPoint, Mike Linn, Chairman of the Independent Petroleum Association of America and Chairman, President and CEO of Linn Energy, discusses IPAA's push for expanding offshore drilling. Linn explains why he believes ethanol is not an effective component of the U.S.'s energy policy and discusses the negative effects of a cap on emissions.