EIA: US winter heating tab continues to rise

Heating oil prices remain a major concern for the US Northeast.In its latest short-term energy outlook, the US Energy Information Administration said, "Extraordinarily low heating oil inventories continue to put East Coast markets at risk of sharp price spikes if more cold weather moves in."The agency said energy prices have continued to move higher this fall, with oil prices showing little or none of the anticipated declines relating to estimated excess production over demand rates.EIA expects West Texas Intermediate crude prices to remain near or above the $30/bbl level for some time, perhaps through the middle of 2001."Natural gas spot prices soared to record average levels in November...

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