WASHINGTON, DC — President Clinton recently announced the creation of a temporary heating oil reserve for the Northeast states. The reserve will hold 2 million barrels of heating oil for New York, Massachusetts, Maine, and other states that are more dependent on distillate oil to heat homes than the rest of the nation.
“The action I take today will leave us far better prepared to face the winter months, but it does not relieve Congress of the responsibility to act,” he added.