Energy Overview

July 2003
U.S. Industry Quarterly Review: Energy;2003 3rd Quarter, p21
Industry Profile
Industry Overview
The article discusses energy related issues in the U.S. economy. West Texas Intermediate Inc. crude price broke the $32/barrel mark in early August 2003, adding further strain to the already tight oil markets. Crude oil inventories, already low, fell further in July. Hurricane Claudette disrupted oil production and shipping along the Gulf Coast, while electric utilities pressured supplies by switching from natural gas to oil. Low crude stocks in the country will continue to keep prices from falling much in the third quarter.


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