71. High crude prices have encouraged oil-producing countries and petroleum companies to increase exploration and production. 72. Higher crude prices combined with takeover fever among Canadian energy companies helped ignite oil stocks. 73. Higher crude prices hurt refining and marketing. 74. Higher crude prices and low inventories by oil companies have led to a surge in drilling. 75. Higher crude prices could wind up meaning higher gasoline and heating oil prices. 76. If crude prices increase, he said, those margins will simply shrink without inflating retail gas prices. 77. If those countries increased production, crude prices would likely fall. 78. In the oil supply-and-demand balance, most people have focused on the supply side ever since crude prices began climbing last year. 79. Investors fear the lower crude prices will lead companies to pull back on spending for the products and services needed to drill wells, reducing profits. 80. Issues that may retreat on lower crude prices include Norcen Energy Resources Inc. and Canadian Fracmaster Ltd. Heating fuel is processed from crude. |