Home pagePress CenterIn the Media David Pumphrey, deputy director of the CSIS Energy and National Security Program, was quoted by the Christian Science Monitor, "What Has Driven Up Oil Prices."
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David Pumphrey, deputy director of the CSIS Energy and National Security Program, was quoted by the Christian Science Monitor, "What Has Driven Up Oil Prices."
The recipe for record US gasoline prices goes like this: Take a tight oil supply and growing world demand. Add a falling dollar and lots of investment money flowing into oil and other commodities.
Finish with market turbulence caused by the annual switch from winter to summer gasoline blends. The result: an average US retail price for regular of more than $3.60 a gallon. [...]
"Since 2000, we have hit a more mature period in terms of supply. At the same time, we've had the demand shock come into play," says David Pumphrey, deputy director of the energy and national security program at the Center for Strategic and International Studies.
The Center for Strategic and International Studies (CSIS) is a private, tax-exempt institution focusing on international public policy issues. Its research is nonpartisan and nonproprietary. CSIS does not take specific policy positions; accordingly, all views, positions, and conclusions expressed in these publications should be understood to be solely those of the authors.
