CERA: US energy supply at 'critical juncture,' IPAA told

A worldwide "energy demand shock" has put the US at a "critical juncture" in its energy position. Intensely tight world oil supplies, constraints on US natural gas production, and ongoing geopolitical conflicts have compounded the extent of this shock.Industry, policymakers, and end-users will be required to take concerted actions "to ensure energy security and environmentally sound economic growth," Cambridge Energy Research Associates Chairman Daniel Yergin told the Independent Petroleum Association of America June 14 at its midyear meeting in Colorado Springs, Colo."The risks will be different in the near term from the long term and among various energy users and regions," Yergin said....

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