Posted on 03/31/2004 11:59:35 AM PST by chance33_98
Statement of Energy Secretary Spencer Abraham on OPEC Decision
3/31/2004 2:51:00 PM
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To: National Desk, Energy Reporter
Contact: Jeanne Lopatto of the U.S. Department of Energy, 202-586-4940
WASHINGTON, March 31 /U.S. Newswire/ -- Energy Secretary Spencer Abraham issued the following statement today:
"We are disappointed with OPEC's decision today. Producers should not take actions that will hurt consumers. This Administration is working actively on behalf of the American people and stressing to big producers that high energy prices are unacceptable. We do not comment on the substance of these discussions, but they will continue. However, today's action illustrates why we must enact a national energy policy that reduces our dependence on foreign oil by increasing domestic supply. As we have been saying for the last three years, we need to develop ANWR's significant resources."
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