|Cold Comfort: Heating Oil Aid|
|Subject||Elasticity of demand|
|Key Words||Price, money, low-income families, emergency funds, income limits, federal aid|
In the face of the rising price of home heating oil, President Clinton promised to give more government help to low-income families in the Northeast. He said that he would increase the amount of money released from the Low Income Home Energy Assistance Program from $200 million to $325 million. He also promised to seek from Congress another $600 million in emergency funds for states where the winter has been most severe. Mr. Clinton also asked the states to lower the income limits so that more families would be eligible for federal aid.
Although some officials in the Northeast had been clamoring for a release of oil from the government's Strategic Petroleum Reserve to reduce prices, Mr. Clinton declined to permit its use at this time.
(Updated April 1, 2000)
|Source||Marc Lacey and David E. Sanger, "Clinton Offers Northeast Help with Heating," The New York Times, February 17, 2000.|
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