Fear itself carries a price, says CERI
Canadian research institute estimates “fear premium” at 45-50 percent of world oil price; sees no change through 2006
Petroleum News Canadian Correspondent
The price of fear will likely continue to pump an extra US$22 per barrel into world oil prices through 2006, says the Canadian Energy Research Institute.
Otherwise CERI estimates that the price of oil based solely on market fundamentals would be only $21.50-$25.50 per barrel.
The Calgary-based agenc....
[additional news subjects in this story]
Civil unrest in Venezuela, Nigeria
Uncertainty regarding OPEC decline rates
Iran and nuclear weapons
Herrera: $24 oil will increase the ‘fear factor’
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