US government aims to ease oil shortages

Reacting to increasing gasoline prices, President Bill Clinton will ask Congress to approve two tax credits to increase US oil production.The oil measures, plus energy-efficiency tax credits, would cost the government less than $1 billion over 10 years. The White House was not specific about how they would be funded.The administration also proposed creation of a 2-million-bbl home heating oil stockpile in the Northeast US.In his weekly radio address Mar. 18, Clinton noted, "High oil prices are causing hardship for many Americans," but also warned, "There's no overnight solution to this problem."Clinton said, "We need to take action now, for both the short and the long term, to protect...

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