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EIA: Providing Clarity On Oil Price Uncertainty?

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Brian O’Connell
July 18, 2012

The oil price prognostication game is an elusive one, right up there with finding Bigfoot and figuring out how leprechauns locate gold. And any vague, uneasy geopolitical event can move the needle on oil prices, as the threat from Iran to block the Strait of Hormuz has proven this summer.Oil prices had been on a precipitous slide in the first half of 2012, falling to under $80 per barrel before Iran rattled its sabre in response to potential sanctions against the oil-rich theocracy by European countries back in early June.This ...


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