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Low Energy Prices Forecast to Continue, Holding Down New Investments
Wednesday, 01 July 2009 17:56

U.S. energy prices will remain at their current soft levels, which will likely postpone and discourage investment in utility infrastructure and coal and gas development, a group of energy experts recently predicted. "Natural gas prices will remain low because industrial demand has been soft and storage rates have been high," said Neil Gamson, an economist with the Energy Information Administration (EIA), the data and statistical arm of the U.S. Department of Energy.

 

Source: Industrial Info Resources

 

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