WIRE:03/18/2000 10:13:00 ET Clinton seeks Northeast home heating oil reserve

WASHINGTON, March 18 (Reuters) - President Bill Clinton proposed on Saturday creating a home heating oil reserve for Northeast states to prevent future shortages in the region and announced other steps to cut U.S. dependence on foreign oil. The measures will have no immediate effect on replenishing dwindling U.S. petroleum stocks or lowering gasoline prices this spring and summer, but are part of the administration's long-term energy policy. "There's no overnight solution to this problem," said Clinton in his weekly Saturday morning radio address.

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-- Martin Thompson (mthom1927@aol.com), March 18, 2000