Caspian economics
The global slump in oil prices could be a positive development for the Caspian Sea region, says analyst Daniel Yergin. Yergin, chairman of Cambridge Energy Research Associates, spoke at a Washington, D.C., conference on Caspian pipelines. He explained, "Low prices will guarantee that companies and host governments will put a lot of extra effort into minimizing costs of production and transportation."
Dec 14th, 1998
