Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Sunday, January 1, 2012

Energy Pricing Predictions for 2012

By Matthew Cook, January 1, 2012
The oil price has rarely fallen below $100 a barrel since the Arab Spring threatened supplies at the start of 2011. Libya is now nearly back at full-scale production post-war, which some suggest could increase global supply and theoretically lead to price falls. But other analysts believe other Opec powers such as Saudi Arabia will reduce their output in order to ensure prices don’t...  » Continue...

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