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To: Dale Baker who wrote (32996)	3/21/2003 7:54:34 AM
From: Dale Baker	Respond to of 118717

Oops - energy prices not going down, what a shock. No secret to anyone following the industry lately: 07:28 ET Energy prices may remain high - WSJ The Wall Street Journal's "Heard on the Street" column says that despite investor optimism about oil prices after the war, there is good reason to think prices could remain stubbornly high, since: energy supplies are far lower than they were during the first Gulf War, political unrest ahead of scheduled elections in Nigeria has already cut the country's 2 mln barrel-a-day production by more than 10%, and demand remains strong, spurred in part by higher imports from Japan. Natural-gas prices are likely to remain high as well, though more for supply reasons than because of the conflict with Iraq.