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US Department of Energy puts oil reserves on standby

By Suzanna Kerridge

Published: 29 November 1999 14:50 GMT

The US Department of Energy (DOE) has said it will draw on its oil reserves if supplies are disrupted because of the millennium bug.

Robert Porter, spokesman for the DOE said emergency plans had been made to draw oil from the Strategic Petroleum Reserve (SPR) for sale within 15 days of a Y2K problem.

However, Porter stressed that he did not want to "send out alarming signals that we are gearing up for an inevitable SPR draw-down." He claimed making the SPR available was just a precaution.

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