Pipeline companies and farm cooperatives say they are willing to negotiate a formula for partial decontrol of U.S. crude oil and petroleum products pipelines.
At a House energy and power subcommittee hearing, Chairman Phil Sharp (D-Ind.) urged both sides to strike a compromise that would allow crude oil pipeline reform to be included in National Energy Strategy legislation this year.
"The window is narrow," he warned them.
The Bush administration's energy strategy proposal called for decontrol of all crude and products lines except the trans-Alaska crude oil pipeline and 11 products pipelines.