Energy secretary rejects releasing oil reserve to lower prices
Energy Secretary Samuel Bodman told a House hearing that the Strategic Petroleum Reserve should not be tapped to influence prices. He cited supply and demand rather than market speculation for high oil costs and said the reserve is for physical disruption, not today’s price swings. Prices briefly spiked to around 135 a barrel before easing.
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Odessa drug bust and waste disposal permit reported
As of 4 45 p m Thursday deputies from the Ector County Sheriff s Office found 262 2 grams of cocaine in an Odessa house and recovered 7307 in cash believed to be drug sale proceeds while environmental regulators approved disposal of radioactive waste at an Andrews site with public support at 75 percent for storage west of Andrews.
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Congress enacts broad farm bill amid veto clash
Congress passed a large farm bill despite President Bush veto, expanding subsidies and food stamps. A printing glitch left 24 pages missing in the vetoed version, prompting a plan to resend the bill with the missing section. The house vote totals were 82-13 in the Senate and 316-108 in the House, with a later 306-110 tally to override again if needed. The White House criticized the process while Democrats argued it was constitutional and legal.
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