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Oil In April 2000
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W A S H I N G T O N, April 6 — The good news for consumers is gas prices are anticipated to drop this summer. But the bad news is the decline will be slow. With an increase in international oil production as a backdrop, the Energy Department to .... Middle of Term Paper ... start to come under some pressure,” said Peter Beutel, president of Cameron Hanover, an energy risk management firm in Connecticut. “So, I think we probably will see prices closer to $1.30 or maybe even $1.25.” What Happened to the $2 Estimate? Just a month ago, the Energy Department said even with increased oil production, gasoline prices were expected to soar to a national average of as much as $1.80 a gallon and likely reach $2 a gallon in some places by July. So what’s changed between now and then? A key international oil meeting in Vienna, Austria. The EIA in its latest forecast assumed additional oil would begin hitting the U.S. mar ... |
| Number of Words: 590 |
Approximate Pages: 3 |
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