EIA: Global oil supplies minimally affected by terrorist attacks

Global oil supplies appear to have been minimally affected by the Sept. 11 terrorist attacks on the World Trade Center and the Pentagon and by continuing military operations.That's the gist of a situation update reported by the US Energy Information Administration last week.Price movementsEIA noted that although oil prices rose initially following the attacks-due largely to uncertainty surrounding the impact on oil supplies-prices dropped to levels around $5/bbl less than before the attacks after it became apparent that the US refining, distribution, and storage infrastructure was operating normally.It said, "Since the beginning of allied military operations on Oct. 7, prices have rem...

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