Quote #183,491
“If a war started, the oil price probably would go up, as you said, maybe $5, $6 …” — Daniel Yergin
If a war started, the oil price probably would go up, as you said, maybe $5, $6 a barrel until you saw other oil from the extra supplies that are available elsewhere coming into the world, into the market.
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View AllBut eventually it's a question of access: Getting access to fields is on top of the oil companies' agenda. We see a substantial build-up of supply occurring over the coming years.— Daniel Yergin