ECONOMY KEY TO 1992 U.S. OIL, GAS DEMAND

Robert J. Beck Economics Editor The rate of economic recovery in the U.S. is the key variable in the outlook for the U.S. oil and gas industry in 1992. As in recent years, international events will be crucial. Uncertainty in Russia will replace unsettled conditions in the Middle East as the major concern for world oil markets. An end to recession in the U.S. is expected to boost petroleum product demand this year, following a decline the last 2 years. Closer to normal winter weather will also

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