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Obama's speech 'notable' for gas producers

04/11/2011
by Sam Fletcher, Senior WriterWhile some shrugged off US President Barack Obama's energy policy speech at Georgetown University, it was notable "for what was included and was not," said James Crandell at Barclays Capital, New York.The speech began with "a level-headed discussion" of how oil prices earlier lowered "in response to slackening demand during the recession (not growing supply)" and are now rising as world demand increases faster than supply. "Importantly," Crandell said, "this helps provide the economic and political justification to push for incentives for alternatives to oil, such as natural gas."Unlike Obama's 2010 State of t...
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