A recent Standard & Poor's energy industry survey assesses trends and conditions that affect corporate market performance. Among the key conclusions: With oil prices high, the world economy lost som..
A recent Standard & Poor's energy industry survey assesses trends and conditions that affect corporate market performance. Among the key conclusions:
With oil prices high, the world economy lost some momentum in the second quarter of 2004. The US economy is gradually shifting from an expected 4.3% growth in 2004, to 3.4% in 2005, according to S&P's projections as of September 2004.
The impact of Hurricane Ivan in the Gulf of Mexico (GOM) caused the shut-in of about 475,176 barrels/day of crude oil production (28% of daily GOM output) and 1.8 billion cubic ft/day (14%) of natural gas production.
It appears that damage to about 30% of the pipelines and 4% of the structu
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