Americans will pay $5 for a gallon of gasoline by 2012, thanks to growing global demand for oil, tighter supplies and inadequate responses by the U.S. government, the former president of Shell Oil said Sunday in an interview with Platts Energy Week Television. John Hofmeister also predicted little or no new drilling in deep waters of [...]
Tuesday, December 28, 2010
Former Shell Oil President: $5 Gasoline in U.S. by 2012
Americans will pay $5 for a gallon of gasoline by 2012, thanks to growing global demand for oil, tighter supplies and inadequate responses by the U.S. government, the former president of Shell Oil said Sunday in an interview with Platts Energy Week Television. John Hofmeister also predicted little or no new drilling in deep waters of [...]
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