Steven Kopits is the Managing Director of Princeton Energy Advisors, LLC. He is currently writing a book on supply-constrained oil markets analysis.
Once again, we return to the debate over the direction of oil prices, this time led by the high price school.
In a recent article, Professor James Hamilton of the University of California argues that sluggish supply growth, coupled with sustained emerging market demand, will tend to keep oil prices elevated. He writes, “world of energy may have changed forever…hundred dollar oil is here to stay.”