Ex Shell Oil CEO sees $5 a gallon gasoline by 2012 in the US.

[Anti Federalist]

http://i2.cdn.turner.com/money/2010/12/27/markets/oil_commodities/chart_gas_101227.top.gif

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.

http://money.cnn.com/2010/12/27/markets/oil_commodities/index.htm

[cindy25]

$5 gas = 15-20% unemployment= GOP landslide, which would not be good unless RP is the nominee.

imagine Pres. Christie with a rubber stamp congress

[Anti Federalist]

$5 gas = 15-20% unemployment= GOP landslide, which would not be good unless RP is the nominee.

imagine Pres. Christie with a rubber stamp congress

Real unemployment is already in the 15 to 20 percent range.

[Slutter McGee]

Christie would be great on fiscal issues. Civil Liberties is the problem.

Slutter McGee

[Philhelm]

Real unemployment is already in the 15 to 20 percent range.

Seems like a good place to post this:

http://www.youtube.com/watch?v=Ulu3SCAmeBA