Richardson defends energy policy, SPR decision

US Energy Sec. Bill Richardson defended the Clinton administration's energy policy in a National Press Club speech last week in Washington, denying that the release of 30 million bbl of oil from the Strategic Petroleum Reserve last month was politically motivated (OGJ Online, Sept. 23, 2000).He also urged Congress to fully authorize the administration's use of the SPR. He said Congress should pass measures such as electricity restructuring legislation and tax incentives for oil and gas production and renewable energy."In this season of political barbs, some have said that the exchange of SPR oil was done for politics, not policy," Richardson said. "But this is a simple fiction. Go...

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