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A review of the energy price surge during Summer 2005 due to Gulf Coast storms affecting natural gas supplies. The impact of hurricanes on energy prices and infrastructure, and the outlook for high prices through winter.
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Summer 2005 Energy Price Review:Gulf Coast Storms Exacerbate Tight Natural Gas Supplies;Already High Prices Driven HigherStaff ReportState of the Natural Gas Infrastructure ConferenceOctober 12, 2005
Combined Effects of Katrina and Rita Far Surpassed 2004’s IvanIn Combined Natural Gas Shut-Ins
Natural Gas Prices are Likely to Remain High Through Winter • Current storage inventories remain above 5-year averages • Timing for repair of infrastructure from the Gulf is not clear – will continue to stress system • Supply tightness largely a function of winter weather