Newspaper article THE JOURNAL RECORD

Congress Grants Extension on Petroleum Reserve

Newspaper article THE JOURNAL RECORD

Congress Grants Extension on Petroleum Reserve

Article excerpt

Congress Grants Extension on Petroleum Reserve WASHINGTON - The Senate Thursday gave President Bush an extra month's authority to begin pumping oil from the nation's Strategic Petroleum Reserve into the market should Iraq's invasion of Kuwait disrupt world oil supplies.

On a voice vote, the Senate passed a temporary extension of the Energy Policy Conservation Act that established the 580-million-barrel rainy-day stockpile of unrefined crude oil in response to the 1973-74 Arab oil embargo. Without the extension, Bush's authority to start pumping oil from the reserve would have expired Aug. 15, while Congress is on vacation.

``The events in the Middle East today (Thursday) underscore once again the fragility of the economies of the Western world and the marginal supply of energy that fuels it,'' said Sen. James McClure, R-Idaho.

The stockpile, located in salt caverns along the Louisiana-Texas coast, contains oil worth $20 billion.

Amoco Sells Natural Gas as Motor Vehicle Fuel DENVER - Amoco Oil Co., in conjunction with Natural Fuels Corp., Thursday became the first major-brand oil company to offer natural gas for public purchase as a motor vehicle fuel. Chicago-based Amoco opened compressed natural gas pump at an company service station in Denver Thursday. The fuel is branded Amoco CNG.

Natural Fuels Corp. previously opened its first NATURAL fueling station near Stapleton International Airport in Denver. Natural Fuels Corp. will own and maintain the CNG compressor, storage, and dispensing equipment at the Amoco station as well as provide technical compressed natural gas expertise for the new Amoco product.

Judge Rules in Favor of Eastern Pilots MIAMI - Union pilots who joined a strike against Eastern Airlines have the right to replace trainees hired during the carrier's rebuilding, a federal judge ruled Thursday.

``It's clearly a major victory,'' said E.J. Breen, spokesman for the Air Line Pilots Association, which challenged an Eastern claim that returning pilots were not needed.

But Eastern planned to appeal the decision and officials said there will be no immediate effect on current employees or operations. …

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