Word: winterize
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Dates: during 2000-2000
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...prices have been rising constantly all summer, and now that the first cold snap has hit New England, those prices will begin to effect consumers heating their homes in the winter. In order to lower prices for oil, President Clinton announced Friday that he would release 30 billion barrels of oil from the oil reserves. While a genuine effort on the part of Clinton to address the needs of consumers facing the prospect of a cold winter and unaffordable heating oil is laudable, the administration's short-term solution may not work, and the voicing of similar concerns by Vice...
...Last winter, when the administration was also faced with high prices and oil shortages in the Northeast, Gore was against the release of reserve barrels. And while oil prices are higher this year, and the shortages more dramatic--there are only 4 million barrels of oil in New England this fall as compared with 14 million last fall--the economic fundamentals remain the same. Flooding the market with barrels from the U.S. reserves may not do anything to lower prices in either the short or long...
...smog and other environmental effects of auto pollution--will fall along with heating oil. This means that SUV and luxury car drivers--people who burn a lot of fuel for no good reason--will benefit as much as poor and middle-class families trying to heat their houses this winter...
Gore's other proposals to alleviate the winter oil shortage are actually better suited to a situation where the U.S. has little control over oil prices. Gore has proposed creating a permanent home heating oil reserve to protect consumers against supply shocks, as well as a subsidy for low-income families for heating oil. These proposals are more likely to benefit those most likely to suffer from the high prices this winter...
...fact is, heating bills will be at least 30 percent higher this winter than last, according to the Energy Department. While the release of the reserve barrels may help to bring the cost down in the short term the next administration should have a plan for developing alternatives to oil that don't jeopardize our precious natural resources that exist in the form of wildlife refuges...