WATCHING WASHINGTON RELIEF FROM OIL IMPORTS

With Patrick Crow Although Congress and the Clinton administration are toying with ways to give the U.S. oil industry protection from increasing imports, no relief is in sight. The American Petroleum Institute reports crude oil imports averaged a record 7.922 million b/d the week ending Aug. 27, topping the previous mark of 7.902 million b/d set the week of july 16. Last week oil groups told a House ways and means subcommittee hearing on miscellaneous tax proposals they need relief from imports.

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