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Air industry calls for U.S. crude reserve release
The US government should tap the national petroleum reserve to relieve ailing airlines that have been stung by soaring oil prices, the industry's leading trade group told lawmakers on Wednesday.
"History shows us that even a temporary increase in supply will immediately lower oil prices," James May, president and chief executive of the Air Transport Association, told the House of Representatives Select Committee on Energy Independence and Global Warming. (Reuters)
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