EIA says 2005 price increases reflect supplyDOE’s Energy Information Administration says demand drove ’04 prices; in ’05 spare capacity at lowest level in three decades Petroleum News
Sharp increases in energy prices in 2005 were largely driven by supply concerns due to hurricane-related losses along with a reduction in world oil spare capacity, “which fell to its lowest level in over three decades,” the U.S. Department of Energy’s Energy Information Administration said Dec. 6 in....
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World oil markets, U.S. gas markets
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