This episode's headline: Oil and Water; Slow Burn; Run for the Money; Update. The guests include In Pittsburgh: JAMES SEIF, Environmental Protection Agency; ARTHUR DAVIS, PA Sec. of Environmental Resources; In Washington: DAVID GERGEN, U.S. News & World Report; In Nashville: MARK SHIELDS, Washington Post; In New York: NORMAN ORNSTEIN, American Enterprise Institute; REPORTS FROM NEWSHOUR CORRESPONDENTS: RON JAY, WPXI, Pittsburgh; SPENCER MICHELS, KQED, San Francisco; JERRY THOMPSON, BBC;. Byline: In New York: ROBERT MACNEIL, Executive Editor; In Washington: JIM LEHRER, Associate Editor