(EnergyAsia, April 28) — Peak oil skeptic Daniel Yergin says the world oil market is “in the grip of a slow motion supply shock” as the oil price moved to a new $70 to $75/barrel price range in April. The chairman of Cambridge Energy Research Associates (CERA) said the new record price “reflects an aggregate…
MARKETS: CERA says world suffering from ‘slow-motion supply shock’
Posted on April 28, 2006 by EnergyAsia