Consumers around the world are now facing a “50/50 oil market,” according to Daniel Yergin, chairman of Cambridge Energy Research Associates (CERA). “There is now a 50/50 probability that the price of oil will reach $50 per barrel within the next 50 days.” A price spike to $50 would be likely to occur if one…
MARKETS: Consultant CERA says 50% chance of $50 oil in 50 days
Posted on August 18, 2004 by EnergyAsia