Administration studies whether to tap oil reserves to help reduce priceEffort under way to persuade major producers to increase production; reserve, established in 1975, has only been used once William C. Mann Associated Press Writer
The Clinton administration is trying to decide whether to dip into the nation’s Strategic Petroleum Reserve for only the second time to drive down soaring oil prices.
Key to that decision could be whether Energy Secretary Bill Richardson is able to persuade major oil producers to back off a 2-year-....
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