Clinton: Release Oil From Reserve
Sep. 22, 2000
WASHINGTON (AP) _ President Clinton has directed some limited release of oil from the government's emergency reserve in an attempt to drive down oil prices, an administration source said.
The decision was made after a meeting with key advisers at the White House and a day after Vice President Al Gore urged the president to use the reserve as leverage to try to head off soaring heating oil costs this winter.
Energy Secretary Bill Richardson scheduled a news conference on oil issues later Friday.
Details of how much oil will be released or the timetable could not immediately be learned.