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The Nation : Oil Reserve Sale Approved

September 17, 1986

The Senate approved an $8-billion appropriations bill that includes a Reagan Administration-backed proposal to sell the Naval Petroleum Reserves. The Senate voted for the proposal to sell the oil reserves at Elk Hills, Calif., on the grounds the sale eventually would net the government at least $2.4 billion. The bill, which finances the Interior Department and related agencies, also passed with an amendment opposed by environmentalists that provides $246 million for forest road construction, $68 million above the level proposed by the Administration for fiscal 1987.

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