Energy Prices: What's Supply Got to Do With It?
By: “I use the term practical peak oil in that, in terms of global resources, there’s more that could be developed, but access is limited and with limited access we are very, very close to where we get to the practical peak.”
—Tom Petrie, Merrill Lynch Vice Chairman
Oil prices keep on soaring, so are supply and demand the real reasons crude continues its climb? CNBC asked the experts for their take.