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StumbleEnergy Secretary Stands by Oil Diversion
Thursday, Nov. 8, 2007 | 10:06 a.m.
FEND OFF: Energy Secretary Samuel Bodman on Thursday defended plans to divert oil into the federal emergency reserve.
INCREASES: But he acknowledged tight supplies are likely one reason for surging crude oil prices.
CONTRACTS: The Energy Department awarded contracts to three companies for 12.3 million barrels of oil to go into the government's Strategic Petroleum Reserve starting January.
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