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To: Mama Bear who wrote (21978)	9/26/2000 11:13:30 PM
From: Ilaine	Read Replies (1) \| Respond to of 436258

Political use of the SPR isn't new. Husband, who was working for the company operating the SPR at the time, says that we bought Mexican sour crude back in the 1980's to help prop up the peso when it was being devalued.

To: Mama Bear who wrote (21978)	9/26/2000 11:59:43 PM
From: Don Lloyd	Read Replies (1) \| Respond to of 436258

Barb - Standards? "Authorization Energy Policy and Conservation Act - expired March 31, 2000 (NOTE: Senior legal advisors at DOE and Justice have determined that enacted appropriations for SPR in FY00 effectively extended authorities of EPCA)..." Regards, Don

To: Mama Bear who wrote (21978)	9/27/2000 12:42:44 AM
From: Ken98	Respond to of 436258

Barb, I heard a piece today where Don Nickels of Oklahoma was talking about the legality of the SPR release in Congress. But note that Bubba has structured this transaction as a "loan" of the oil rather than an outright release. Supposedly the oil will be "repaid" at a point when the price is lower. No doubt he has a battery of lawyers ready to argue this point if necessary. Quite "Slick", no? A couple of questions I have not heard answered. What happens if prices do not go down? Who bears this risk, taxpayers or the oil companies? What happens if prices DO go down? Who gets the profit, taxpayers or the oil companies? And besides, when did Bubba ever let something so trivial as the rule of law stand in the way of something he wanted to do?