Tepper School Expert: $100 per Barrel Oil in Sight

U.S. Newswire, November, 2007

To: ENERGY EDITORS

Contact: Geof Becker of the Tepper School of Business at Carnegie Mellon, 1-412-268-3486, gbecker@andrew.cmu.edu; or Scott Addison, 1- 212-220-4444, scott.addison@gabbe.com, for Tepper School of Business at Carnegie Mellon

PITTSBURGH, Nov. 1 /PRNewswire/ --

WHO: Lester Lave, Professor of Economics at the Tepper School of

Business at Carnegie Mellon and Co-Director of the Carnegie

Mellon Electricity Industry Center.

WHAT: Comments/perspective on surging energy prices in the wake

of government reports of an unexpected drop in crude oil

inventories.

According to Professor Lave, $100 per barrel oil is a fast

approaching reality, given global demand, tight supplies

and market...

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