December 2005

HP Interview

HP talks with Emil Peña, former Deputy Secretary, US Department of Energy

Oil continues to be the world's most important energy source. For the US Gulf Coast, Hurricanes Katrina's and Rita's destruction reinforces the uncertainty and vulnerability of crude oil supplies and ..

Oil continues to be the world's most important energy source. For the US Gulf Coast, Hurricanes Katrina's and Rita's destruction reinforces the uncertainty and vulnerability of crude oil supplies and refining capabilities for this region. What lies ahead is uncertain. Oil prices are soaring and energy supply and demand are reaching ultimate production capacities. Gas prices hover between $3.50 – $4/gal at times due to tight supplies for the Gulf Coast. These prices will only surge if global demand does not slow because the world still lacks sufficient production and refining capabilities. Over the last two years, crude oil prices have doubled as strong growth in consumption has made i

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