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Field Data on Oil
Homeowners who heat with natural gas could be feeling some
financial pain this winter, given the dramatic price increase for
the once-bargain fuel.
Residential consumers will pay about 25 percent more this winter
for gas, the U.S. Energy Department predicted this month.
Industry estimates are even scarier. Paul Wilkinson, vice
president of the American Gas Association, said retail costs for
gas could rise to 40 percent above last year, depending on how
cold it gets.
That prospect worries many people, among them Dorothy Day, an
85-year-old retiree in Columbus, Ind., who says she may not be
able to afford to keep her five-room bungalow warm and comfortable
through the winter.
``I don't know how I am going to do it,'' she said. ``I ain't got
nothing else to give up. I don't smoke cigarettes. I have the bare
necessities.''
This winter's wellhead price for natural gas could be $3.40 per
thousand cubic feet, nearly double what it was last winter, the
Energy Department estimated. The wholesale price is now over $5
per thousand cubic feet, up from $2 in recent years.
Adjusted for inflation, this winter's gas prices would be the
highest since 1985. (AP)
--------------------CRUDE OIL-LIGHT SWEET---------------------
NYM - 1,000 bbl_dollars per bbl. CONTRACT
OPEN HIGH LOW SETTLE CHANGE HIGH LOW
Oct 00 36.75 37.00 36.15 36.51 -.37 37.15 14.22
Nov 00 35.40 35.50 34.65 35.01 -.54 35.87 15.12
- Thread context:
- Re: 'Stability' Of Equilibrium w/Zero-Cost Money, (continued)
- Conference on dollarization,
LP Rochon Wed 20 Sep 2000, 18:13 GMT
- For Ric Holt,
Sven R Larson Wed 20 Sep 2000, 12:10 GMT
- Field Data on Oil,
ÁÎ×Ó¹â Henry C.K.Liu ¹ù¤l¥ú Wed 20 Sep 2000, 03:18 GMT
- Paul Davidson's article in the Guardian,
John M. Legge Wed 20 Sep 2000, 00:31 GMT
- The "Old" and the "New" Economics,
William B. Ryan Tue 19 Sep 2000, 22:20 GMT
- Re. an enquiry,
Gunnar Tomasson Tue 19 Sep 2000, 18:23 GMT
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