FORMULA TO BE SOUGHT FOR OIL PIPELINE DEREG

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.

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