WTI to average $65 in ’06, $61 in ‘07
EIA expects continued market tightness, high oil, natural gas prices for next 2 years; U.S. demand contracted 0.3 percent in 2005
The Department of Energy’s Energy Information Administration expects many of the same global factors that drove oil markets in 2005 to continue to affect markets in 2006 and 2007. The agency said Feb. 7 that low world spare oil production capacity and rapid world oil demand growth are expected to co....
[additional news subjects in this story]
Domestic energy demand growing
Production slowed by mature fields
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