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Ranchers.net
Big Oil is forcing DC's hand to put MTBE back into play. Farmers are going to find out just how much this administration is working for you!
WASHINGTON (AP) - President Bush on Tuesday ordered a temporary suspension of environmental rules for gasoline, making it easier for refiners to meet demand and possibly dampen prices at the pump. He also halted for the summer the purchase of crude oil for the government's emergency reserve.
The moves came as political pressure intensified on Bush to do something about gasoline prices that are expected to stay high throughout the summer.
Easing the environment rules will allow refiners greater flexibility in providing oil supplies since they will not have to use certain additives such as ethanol to meet clean air standards. The suspension of oil purchases for the federal emergency oil reserve is likely to have only modest impact since relative little extra oil will be involved.