Tuesday, November 01, 2005

Looks like gas prices will stay high

The recovery of oil and natural gas production in the Gulf of Mexico remained essentially where it was this time a week ago, according to the Minerals Management Service.

According to the MMS, about 1 million barrels, or 67.7 percent of daily production, remains offline. Normal oil production in the Gulf is about 1.5 million barrels per day.

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