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THE CUTS COULD MEAN FOR DRILLING
IN OUR STATE.
CRYSTAL: THE OIPA SAYS THEY'RE
DISAPPOINTED THE SENATE VOTED
FAVOR OF ELIMINATING ALL OF THE
TAX REBATES THAT GO TOWARD
AT-RISK OIL WELLS, AND THEY'RE
DISCUSSES THIS MATTER, THAT
THINGS WILL TURN OUT DIFFERENT
>> WE THOUGHT THAT THEY HAD COME
UP WITH, AND WE HAD AGREED TO
SOMETHING THAT WAS A WIN-WIN.
CRYSTAL: IT'S A DECISION FROM
THE SENATE THAT MIKE TERRY,
PRESIDENT OF OIPA, SAYS HE
DIDN'T SEE COMING.
JUST YESTERDAY, THE OIPA BOARD
OF DIRECTORS HAD VOTED IN FAVOR
OF A COMPROMISE FROM LAWAKER
THAT WOULD PUT A $25 MILLION CAP
ON TAX REBATES, RATHER THEN
ELIMINATING THEM.
WHILE IT WOULD HELP KEEP AT RI
OIL WELLS GOING DURING THE
DOWNTURN, IT WOULD ALSO SAVE THE
STATE $110 MILLION.
>> IT SEEMED LIKE IT WAS A VER
COMPROMISE.
CRYSTAL: BUT ON THURSDAY, THE
SENATE VOTED IN FAVOR OF
ELIMINATING THOSE REBATES.
TERRY SAYS THE OIPA NEEDS THAT
$25 MILLION TO KEEP OIL WELLS
GOING SO THAT THEY CAN STILL BE
PROSPEROUS WHEN THE OIL INDUSTRY
BOUNCES BACK.
>> WE SHOULD BE DOING EVERYTHING
ALIVE.