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Oil In April 2000
Part one of term paper
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 today dramatically revised its forecast for summer gasoline prices. The agency said prices should pe ...
Part two of term paper ... Administration said in its revised short-term forecast. “By then I expect we will have started to see some economic growth deterioration and I think from there we probably will see demand 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 wi ...
Word count: 590 | Approximate pages: 3
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