In an interview, energy economist James Hamilton reveals how demand for oil keeps outstripping production, even with new shale oil supply coming from the United States.
Oil prices, which fell below $97 a barrel on Monday, are not poised to surge in the long run because long-term production is declining. Better technology and, if needed, higher oil prices mean the long predicted peak in oil production is a long way off.
Pulitzer Prize-winner Daniel Yergin demonstrates how the global quest for energy will reshape our world.
The weak dollar may push up energy prices by affecting supply, demand, and investor behavior.