Statement by the President: Signing of the "Energy Act of 2000" (11/9/00)
                              THE WHITE HOUSE

                          Office of the President

For Immediate Release
November 9, 2000

                        STATEMENT BY THE PRESIDENT

     Today, I am pleased to sign the "Energy Act of 2000," which contains a
number of measures to strengthen America?s energy security that I have
repeatedly urged Congress to act on this year.  This legislation
reauthorizes the operation of the Strategic Petroleum Reserve, a critical
line of defense against the threat of energy shortages, and guarantees that
a full range of  tools will be available to secure America's energy
supplies.  In addition, this legislation establishes an appropriate trigger
for the use of the 2-million barrel Northeast Home Heating Oil Reserve that
I directed my Administration to establish earlier this year.  This will
help provide an insurance policy against supply shortages and price spikes
in winters and assist consumers who rely on heating oil to heat their
homes.  The Act also makes changes in the Weatherization Assistance Program
to reduce state costs and better serve low-income Americans.


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