Latest Energy Flash Report – September 28, 2008, issue preview:
Energy is a market in turmoil: Demand is down, prices are up
Energy costs for business and industry are closing the third quarter higher--and for longer--than expected originally by economists and price forecasters. This happening even though the nation’s financial sector is in crisis (with or without a government bailout), the hurricane-ravaged Gulf Coast energy complex is operating at less than two-thirds of capacity, manufacturing is on the verge of recession (or maybe a depression), consumer confidence is tanking and energy demand is falling.
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