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Article: Senate committee passes bill to allow DOE to sell $100 million of Weeks Island Crude.(Senate Appropriations Committee, Dept. of Energy, crude petroleum from the Strategic Petroleum Reserve)
- Article from:
- The Oil Daily
- Article date:
- July 31, 1995
CopyrightCOPYRIGHT 1995 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON -- The U.S. Senate Appropriations Committee on Friday approved a fiscal 1996 budget including language to allow the Department of Energy (DOE) to sell $100 million worth of crude from the Strategic Petroleum Reserve.
The $100 million translates into about 7 million bbl of oil, according to DOE estimates.
The committee also followed subcommittee recommendations in approving a $15 million cut from the budget of DOE's Energy Information Administration (EIA), in addition to the $4 million already slated for elimination.
The cut brings EIA's budget down to $65 million from $84 million in fiscal 1995.
The House already has approved a ...