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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (58542)	9/21/2000 8:19:22 AM
From: goldsnow	Read Replies (2) \| Respond to of 116761

Gore said releasing oil from the reserve would ``bring more oil to the marketplace, which would help bring gasoline prices down,'' the newspaper reported. The reserve, he said, could be replenished when prices fall. Yesterday Clinton said he needs ``a few more days'' to analyze the global oil supply situation before deciding whether to release oil from the reserve, a cache of 571 million barrels of crude oil that under law can be used only for national emergencies. Treasury Secretary Lawrence Summers and Federal Reserve Chairman Alan Greenspan have warned against tapping the reserve, according to a report in the Wall Street Journal. Using the reserves to lower oil prices would be a ``substantial policy mistake,'' Summers told Clinton in a memo quoted by the Journal. Summers said Greenspan agrees with him, the Journal reported. quote.bloomberg.com