Yergin Cites 'Oil Market Fever' As Prices Near $100

摘要

"Oil prices are becoming increasingly decoupled from the fundamentals of supply and demand," Daniel Yergin, chairman of Cambridge Energy Research Associates (CERA), said on Oct. 29 in Washington, DC. "With prices over $90 a barrel and strong anticipation of $100, the oil market is showing signs of high fever, stoked by fears of clashes in the Middle East and resulting disruptions of supply. A weakening dollar and anticipation of further weakness add further fuel to the fever.rnYergin spoke at a symposium on "The Economics and Geopolitics of Russian Energy" at Georgetown University, sponsored by the university's Center for Eurasian, Russian and East European Studies.