september 2000 summary our short term outlook for a wide array of energy prices has been adjusted upward as international and domestic supply conditions have tightened we think that crude oil are likely not to end the year 2 3 per barrel higher than previous projections thus probability west texas intermediate costing an average 30 or more at midwinter is about 50 percent on their current track heating be above ago levels in fourth quarter q1 2001 seem now match exceed high level seen tight markets this inherent propensity gas utilization incremental power resulted rising north american natural impact here exacerbated by declining stagnant production over last few years wellhead coming winter nearly double development would generate increase unit cost delivered residential consumers
