Yergin: Oil price should settle at $30 price floor
Herrera challenges CERA chairmanís assumptions, says OPEC produced 8 billion barrels more than members discovered in 2004
By Kay Cashman
Daniel Yergin, chairman of Cambridge Energy Research Associates, believes oil prices will fall sharply in the next two years, settling in at a $30 price floor.
In a May 27 interview with CNBC, Yergin said current high prices should lead to an increase in global oil production, which in turn will coo....
[additional news subjects in this story]
Yergin challenges peak oil
Herrera will put his money on Simmons
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