Dig deep into your wallets
Tweets are aflutter with something a former oil executive said over the weekend — gas could reach $5 a gallon by 2012.
In an interview with Platts Energy Weekly, John Hofmeister, ex-head honcho of Shell Oil, said that the moratorium on drilling in the Gulf of Mexico and global demand will lead to a surge in gas prices over the next two years.
I don’t think it is the moratorium driving it solely – it is the peak oil situation as well as – of course – PROFITS!
Watch the video – he would love to drill offshore. He blames a moratorium on drilling “politics” – I call it sense.
Greenerspaces – Looking for a better and greener world.
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