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Prognosis '96 Energy


Industry Outlook -- Basic Industries: ENERGY

PROGNOSIS '96--ENERGY

Positives

-- Firmer gas pricing and savings from corporate restructurings should produce stable profits.

-- Advances in technology are lowering costs for exploration and drilling.

-- Gasoline retailing profit margins are at historic highs.

Negatives

-- Petrochemical profits may soften further, cutting refining margins.

-- OPEC could seek to recoup markets from non-OPEC suppliers.Return to top

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