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Page added on June 4, 2006

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Gulf refineries, production still haven’t recovered

The energy industry has yet to completely recover from the hurricanes that swept through the Gulf of Mexico last year, the worst natural disasters ever to strike the sector.

Major energy operations still need repairs, and about 10 percent of offshore oil and gas production remains offline.

The bottom line: More price spikes appear likely, though officials hope the planning will translate into shorter outages this time around.

journalstar



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