VOL. XLV

No 40

7-October-2002

SUPPLY/DEMAND

EIAReports Increased US Oil And Gas Reserves, Production During2001

US proven oil and gas reservesrose in 2001, according to the Energy Information Administration (EIA) of theUS Department of Energy. In the Advance Summary: US Crude Oil, Natural Gas,and Natural Gas Liquids Reserves 2001 Annual Report published on 27September, the EIA says that reserves additions exceeded production by 21% foroil and 31% for natural gas in 2001. The report attributes...