Despite good supply, prices may stay upFactors abroad, including risk premium, determine how much we pay for crude oil, says BP economist Christof Ruehl Wesley Loy Anchorage Daily News
The world has no shortage of crude oil and natural gas, but that doesn’t mean the recent streak of high prices will abate anytime soon, a BP economist said June 22.
Today, factors other than the amount of oil and gas in the ground are driving prices. Those, in a nutshell, are “fear, uncertainty and....
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