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Title: Ex-Shell President Sees $5 Gas In 2012
Source:
http://money.cnn.com/2010/12/27/markets/oil_commodities/inde
URL Source: http://CNN
Published: Dec 28, 2010
Author: Laurie Segall
Post Date: 2010-12-28 20:08:45 by Brian S
Keywords: None
Views: 8934
Comments: 15
By Laurie Segall, staff reporter December 27, 2010: 6:25 PM ET NEW YORK (CNNMoney.com) -- The former president of Shell Oil, John Hofmeister, says Americans could be paying $5 for a gallon of gasoline by 2012. In an interview with Platt's Energy Week television, Hofmeister predicted gasoline prices will spike as the global demand for oil increases. "I'm predicting actually the worst outcome over the next two years which takes us to 2012 with higher gasoline prices," he said. Tom Kloza, chief oil analyst with Oil Price Information Service says Americans will see gasoline prices hit the $5 a gallon mark in the next decade, but not by 2012. "That wolf is out there and it's going to be at the door...I agree with him that we'll see those numbers at some point this decade but not yet." Kloza said. "The demand is still sluggish enough in some of the mature economies." Gasoline prices have been steadily rising. Last week, gas prices crossed the $3 mark for the first time since October 2008. According to AAA figures, prices are up 4% from a month ago and 16% from the $2.585 average a year ago. A study from the Oil Price Information Service estimates drivers will spend $305 on gasoline in December. According to the study, fuel prices are up 13.6% from last December and 76% higher from December 2008. Gas prices eased off last week's gains but still remained around the $90-a-barrel mark, settling at $91-a-barrel. Prices were down 51 cents from Thursday's close after China unexpectedly raised interest rates over the holiday weekend for the second time in two months. Oil prices settled above $90 a barrel for the first time since October of 2008. To top of page
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#1. To: Brian S (#0)
Nothing like getting your information from the EX Vice President and filtered through Comedy Not News Corporation.
Well, [war's] got to do something for attention, his multiple personalities aren't speaking to him any more, and his imaginary friends keep finding excuses not to come over.
That is right. Now go shove your head way up Glen Beck's asshole and extract some 'real news'.... {{{chuckle}}}
Never swear "allegiance" to anything other than the 'right to change your mind'!
These guys completely fall apart when Rush takes his yearly sabbatical to test new ED drugs in the Dominican Republic. Normally, this would be great news to them, because it's all the Kenyan's fault.
Only brain dead berfers would call an Amercan President born in Hawaii a Kenyan. I'm glad we have a Hawaiian governor now who knew President Obama's parents back when he was born and knows he's an American, and won't let whiners disrespect the man who will be re-elected in 2012 to the presidency, Barack Obama.
Redundant.
I don't listen to the radio. Unlike you and the help you called for I don't require others to give me my opinion. I am able to formulate my own. {{{chuckle}}}
Well, [war's] got to do something for attention, his multiple personalities aren't speaking to him any more, and his imaginary friends keep finding excuses not to come over.
True. But redundant works when you are dealing with people who would consider a half term governor a fresh face ready for the Oval Office.
Is that the camo she was wearing when she downed that drugged caribou with only five shots?
I think so, which makes one wonder if it was lead or fright that downed the animal. I do know she's an idiot if she thinks a rifle is what she needs in bear country. If she had said a shotgun and pepper spray, she would of at least seemed like she knew what she was talking about.
I think that having to have her father correct her on where east and west are gives a pretty good clue about that.
You'd think that having to look out the west window to see Russia would of helped that sort of dyslexia from taking hold. In any event, it at least sounds like good material for a crib note to write down on her hand to help keep that straight.
Actually, I think that was the problem. She drew a compass on her palm but the damn thing didn't work in the field.
-- Hey, but at least she's versed in cyphering math that is perfect for writing a Republican budget proposal.
An excellent post by yourself.
Nope. It'll be priceless by 2015 however. 90% of America can't afford $3 gas. Crash in weeks now.
#2. To: Rudgear (#1)
Nothing like getting your information from the EX Vice President and filtered through Comedy Not News Corporation.
#3. To: Brian S (#2)
Now go shove your head way up Glen Beck's asshole and extract some 'real news'....
#4. To: Skip Intro (#3)
"...because it's all the Kenyan's fault."
#5. To: Ferret Mike (#4)
Only brain dead berfers
#6. To: Brian S (#2)
#7. To: Skip Intro (#5)
(Edited)
"Redundant."
#8. To: Ferret Mike (#7)
#9. To: Skip Intro (#8)
#10. To: Ferret Mike (#9)
If she had said a shotgun and pepper spray, she would of at least seemed like she knew what she was talking about.
#11. To: Skip Intro (#10)
"I think that having to have her father correct her on where east and west are gives a pretty good clue about that."
#12. To: Ferret Mike (#11)
In any event, it at least sounds like good material for a crib note to write down on her hand to help keep that straight.
#13. To: Skip Intro (#12)
#14. To: Skip Intro (#8)
Is that the camo she was wearing when she downed that drugged caribou with only five shots?
#15. To: Brian S (#0)
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