President Clinton Statement On OPEC
THE WHITE HOUSE
Office of the Press Secretary
For Immediate Release March 28, 2000
STATEMENT BY THE PRESIDENT
Today's announcement that OPEC members will increase production is a positive development. These increases will help
sustain worldwide economic growth and provide greater balance between oil supply and demand. While oil prices are
projected to fall this year, we will continue to closely monitor developments in world oil markets in the coming months.
Congress should waste no more time in getting to work on the critical measures to improve America's energy security
that I have proposed. Congress has failed to act on energy security measures, including new tax incentives to support
domestic oil producers, tax incentives and investments to promote the use of alternative and more efficient energy
technologies, the establishment of a regional home heating oil reserve, and reauthorization of the Strategic Petroleum
Reserve. These measures should be passed into law without delay.
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