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In August 2005, Hurricane Katrina Damaged or Destroyed Oil Platforms

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In August 2005, Hurricane Katrina damaged or destroyed oil platforms in the Gulf of Mexico, refineries along the Gulf coast, and the pipeline infrastructure that transports oil and gas to customers across the eastern United States.The winter of 2005 was also unusually cold in many parts of the country.How did these events affect the market for natural gas and heating oil?

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The supply of natural gas was sev...

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