U.S. Likely to Ask OPEC for More Oil Supplies, Yergin Says
- IHS vice chairman sees crude futures reaching $90 a barrel
- Says energy crisis could lead officials to re-think transition
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The U.S. is likely to ask OPEC member states to pump more crude to help ease a surge in energy prices, according to oil historian Daniel Yergin.
“Joe Biden knows that high gasoline prices are not good for incumbents,” Yergin, vice chairman of IHS Markit, said Monday in a Bloomberg TV interview. “We’ll certainly be hearing more from the administration.”