Wednesday, December 27, 2006

Department of Energy October Short-Term Energy Outlook

The U.S. Energy Information Administration’s (EIA) October Short-Term Energy Outlook Highlights:

* Households heating primarily with electricity can expect a slight price increase this winter and the demand for electricity is likely to continue to grow through 2007.

* Prices for petroleum products and natural gas are projected to increase from their current levels, but are not expected to surpass last winter’s levels.

* Next spring’s gasoline inventories are expected to be lower than last spring’s and colder winter weather would reduce gasoline output.

* The world oil requirement is expected to increase, resulting in an increase in the demand from OPEC. OPEC is not likely to increase crude oil production.

Short-Term Energy Outlook Report

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