Red
09-08-2005, 11:27 AM
WASHINGTON — Natural gas prices could rise as much as 71% in places, the largest increase in projected energy costs as a result of Hurricane Katrina, the Energy Department says
The department's statistical agency, the Energy Information Administration, says price hikes will depend on how quickly oil rigs and Gulf coast refineries damaged by Hurricane Katrina can be repaired.
In its report, the agency said natural gas prices for the Midwest will increase as much as 71%, while heating oil prices in the Northeast could rise 31%. Electricity prices in the South could jump 17%.
But barring an unusually slow pace of repairs, the agency said domestic oil production should return to just under 5.4 million barrels a day in November, where it was in August before Katrina disrupted most Gulf production and knocked out 10 refineries.
story (http://www.usatoday.com/money/industries/energy/2005-09-08-energy-costs_x.htm?csp=34)
that's it, i'm looking into a corn pellet stove for the winter this year. :mad:
The department's statistical agency, the Energy Information Administration, says price hikes will depend on how quickly oil rigs and Gulf coast refineries damaged by Hurricane Katrina can be repaired.
In its report, the agency said natural gas prices for the Midwest will increase as much as 71%, while heating oil prices in the Northeast could rise 31%. Electricity prices in the South could jump 17%.
But barring an unusually slow pace of repairs, the agency said domestic oil production should return to just under 5.4 million barrels a day in November, where it was in August before Katrina disrupted most Gulf production and knocked out 10 refineries.
story (http://www.usatoday.com/money/industries/energy/2005-09-08-energy-costs_x.htm?csp=34)
that's it, i'm looking into a corn pellet stove for the winter this year. :mad: