Monday, October 10, 2011

Volatile Oil Prices a Byproduct of Demand or Lack of Alternative Sources?

The recent dip in gas prices in the US may have made the labor day weekend celebration a little brighter, but analyst warn the price break is not likely to last. Faculty at Emory University’s Goizueta Business Schoolagree, noting that even if the unrest in oil producing nations calms, gas prices are likely to trend higher.

“Events in the Middle East have exaggerated the price rises,” says Goizueta chaired marketing professor Jagdish Sheth. “But they’re not responsible for the longer term rise.”

See full Article.