January 7: Energy companies and countries around the world report that they have passed into the year 2000 without significant problems from the "Y2K Bug". There was concern that the inability of some computers and embedded control systems to recognize the year 2000 could create serious problems. (DJ, WP) January 26: The United Nations Security Council reaches agreement on the appointment of Hans Blix of Sweden, the former head of the International Atomic Energy Agency (IAEA), to lead the new United Nations weapons inspection organization for Iraq. Iraq has indicated that it does not intend to accept the new Security Council resolution. (DJ) February 2: The U.S. Federal Trade Commission (FTC) acts to block the proposed merger between BP Amoco and Atlantic Richfield, saying the merger would unduly restrict competition along the West coast of the United States. (WSJ, WP) February 9: The Federal Energy Regulatory Commission (FERC) issues a group of policy changes which extend the deregulation of the interstate natural gas pipeline system begun under Order 636 in 1992. Among the changes is a lifting, for a trial period of 30 months, of the price ceiling on secondary market exchanges of short-term gas pipeline capacity. FERC's lifting of the ceiling is meant in part to encourage gas shippers to use longer-term contracts which would promote market stability. (DJ) March 6: The United States Supreme Court overturns the State of Washington's law establishing state regulation of oil tankers, ruling unanimously that federal laws take precedence. The attempt to impose tougher regulatory standards came in the wake of the 1989 Exxon Valdez disaster in Alaska. (WP, NYT) March 7: New York Mercantile Exchange front-month West Texas Intermediate crude oil futures contract closes at $34.13 per barrel, the highest level in nine years. (WSJ) March 15: Phillips Petroleum announces that it has agreed to purchase Atlantic Richfield's assets in Alaska for $6.5 billion. The sale is being made in an effort to secure approval from the Federal Trade Commission (FTC) for the merger of Atlantic Richfield with BP Amoco. Earlier the same day, the FTC announced that it had suspended its antitrust lawsuit seeking to block the merger, citing progress in talks with the companies involved. (DJ, NYT, WSJ) March 20: EPA Administrator Carol Browner announces that the Clinton Administration intends to push for a phase out of the use of methyl tertiary butyl ether (MTBE) as a gasoline additive. The