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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (3900)	4/8/2004 12:35:43 AM
From: mishedlo	Respond to of 116555

why oil prices will stay high atimes.com

To: Cogito Ergo Sum who wrote (3900)	4/8/2004 12:38:43 AM
From: mishedlo	Respond to of 116555

Has Rebuilding East Germany Failed? dw-world.de

To: Cogito Ergo Sum who wrote (3900)	4/8/2004 10:06:18 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

DOE sees record average summer gasoline price of $1.76 The Energy Information Administration on Thursday forecast that U.S. gasoline prices will average a record high $1.76 a gallon this summer, around 20 cents more than a year ago, due to high crude oil costs, strong gasoline demand, low gasoline inventories and stricter regional gasoline specifications. The EIA, an arm of the Energy Department, said those factors had already led to increased gasoline supply costs and retail prices well before the start of the peak driving season. In a pair of reports -- the annual "Summer Gasoline Outlook" and monthly "Short-Term Energy Outlook" -- the EIA warned that the domestic gasoline supply system is vulnerable to "severe price shocks" if major refinery or pipeline outages occur. The threat of higher pump prices could be mitigated, however, if crude oil prices decline more quickly than expected and gas import volumes improve from levels seen so far this year, the EIA said fxstreet.com