| Oil prices at multi-year lows may be just the beginning, with some analysts forecasting "black gold" may permanently lose its luster. "We have entered a new era in world oil," Dan Yergin, vice chairman at IHS and Pulitzer Prize winning author of The Prize: the Epic Quest for Oil, Money and Power, told CNBC.
"The dominant thing is this growth in U.S. supply," he said, noting production there is up 80 percent since 2008 for an output greater than 11 out of 12 OPEC countries...............................................Full Article: Source
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