Greenspan Warns Prolonged High Natural Gas Prices
Federal Reserve chair Alan Greenspan warned of tight gas supplies and sustained high prices into next year as the US cannot draw on world gas reserves easily. He cited expected wholesale prices above six dollars per thousand cubic feet and a significant chance prices exceed seven and a half dollars by next January. Morris Burns of the Permian Basin Petroleum Association blamed rapid depletion of gas fields to meet rising demand, noting higher residential and commercial use and more gas-fired power plants.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Alan Greenspan
Greenspan
Morris Burns
Permian Basin Petroleum Association
Midland
Burns
House Energy
Natural gas in short supply and rising prices
The Department of Energy says gas price increases stem from tight storage stocks. It warns inflation will persist into 2004, affecting chemicals, fertilizer, steel and aluminum industries as energy shortages continue.
MENTIONED IN THIS ARTICLE
Department of Energy
Commerce Committee
Greenspan
Energy Department
Storm damages Monahans buildings and Odessa home fire
An Odessa family spent the night in a hotel after their home burned during Monday's storm. In Monahans, roofs were torn from several businesses and a community tower toppled, blowing out the fire department building's AC unit. The Boys and Girls Club suffered roof loss with damage estimates pending. Red Cross aided 45 Basin residents since the previous storm. Authorities noted wind gusts to 58 mph and 0.75 inches of rain at Midland International Airport.
MENTIONED IN THIS ARTICLE
Odessa
Monahans
Tonya Hancock
American Red Cross
Texas
Hancock
Red Cross
Basin
National Weather Service
Midland International Airport
Rex Thee
City of
N. Belmont
Perry signs home insurance bills in Midland
Governor Rick Perry signed three insurance reform bills at a northwest Midland home Tuesday. The ceremony drew about 100 attendees from the real estate sector as Perry touted measures SB 14 SB 127 and HB 329 to curb fraud and lower rates while deflecting questions about a potential summer redistricting special session.
MENTIONED IN THIS ARTICLE
Midland
Rick Perry
House
Tom Craddick
House Insurance Committee
John Smithee
Amarillo
Perry
Senate
Woodhollow Drive
Northwest
Tom Woodruff
AP Probes Iraq Civilian Toll in Five-Week Review
The AP analyzed dozens of hospital ledgers and shattered records to estimate civilian deaths from a month of fighting in Iraq. It tallies at least 3,240 civilians nationwide, including 1,896 in Baghdad, noting the figure is a fragmentary count likely to rise.
MENTIONED IN THIS ARTICLE
Baghdad
Iraq
Kadhamiya General Hospital
Associated Press
Ap’s
Mosul
Basra
Analysts see record deficit at $400 billion
Washington analysts warn the government will post a record deficit surpassing $400 billion in 2003. The Congressional Budget Office had pegged it above $300 billion before new tax cuts for families and investors were enacted, fueling the tax and spending debate.
MENTIONED IN THIS ARTICLE
Washington
Congress
Bush
Congressional Budget Office
Also Mentioned on This Page
Rte
Storm
Boys and Girls Club of
Theo
Fire
Angela Pessia
Pessia
Ray Granado
Cindera Nealy
OFSSA
Walter Hudson
Gary Payn
Hcatlows, Iwc
CBS
San Antonio Spurs
New Jersey Nets
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