CONOCO SAYS U.S. ENERGY POLICY LEGISLATION FALLS SHORT OF THE MARK

Conoco Inc. analysts unenthusiastically applaud pending U.S. energy policy legislation as a half step in the right direction. They reviewed the nation's energy policy options as part of the company's "World Energy Outlook Through 2000." The paper concluded that most of the world's growth in oil demand will be met by supplies from the Middle East, which is likely to remain volatile. And because the U.S. cannot reduce its dependence on imports, ft should manage that dependence wisely.

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