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$5 gas coming .... ?
click2houston.com ^ | 24 Jan 2012 | unattributed

Posted on 01/24/2012 8:41:31 PM PST by smokingfrog

HOUSTON - A former Houston oil executive predicts drivers could be paying $5 for a gallon of gas by the end of the year, and says politicians in Washington D.C. are to blame.

John Hofmeister is the retired president of Shell Oil. He currently runs the non-profit group Citizens for Affordable Energy.

"It was actually December, 2010, when I predicted $5 gasoline by the end of 2012," said Hofmeister. "And, I said then, 'I hope I'm wrong.' My concern is I won't be wrong."

Some energy price analysts have said Hofmeister's prediction is likely off by at least $1 -- instead, they forecast a price of $4 a gallon by the end of the year.

But Hofmeister said nothing has changed his prediction just yet.

"My big problem with $5 gasoline is that it's an invisible tax on the American people that they didn't vote for," he said.

"They didn't have anything to do with it, other than be victims of their own government to get that tax."

Hofmeister blames politicians of both parties, including the president.

(Excerpt) Read more at click2houston.com ...


TOPICS: Front Page News; News/Current Events; US: Texas
KEYWORDS: bhofascism; bhogasprices; democrats; drillheredrillnow; fuelprices; gasprices; johnhofmeister; liberalfascism; nobama2012; obama; oil
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1 posted on 01/24/2012 8:41:36 PM PST by smokingfrog
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To: smokingfrog

Hofmeister is a notorious windbag.


2 posted on 01/24/2012 8:44:01 PM PST by FlyingEagle
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To: smokingfrog
I've been putting this sticker on gas pumps:

"Somehow we have to figure
out how to boost the price of
gasoline to the [$8-$10/gal]
levels in Europe." - Barrack Obama's
Energy Secretary Steve Chu. Had enough yet???

I've sized mine to fit twelve to a sheet of bumper sticker stock...
3 posted on 01/24/2012 8:44:55 PM PST by null and void (Day 1099 of America's ObamaVacation from reality [Heroes aren't made, Frank, they're cornered...])
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To: smokingfrog

That 50% who say they are going to vote for Barry Soetoro should be forced to pay 50 bucks a gallon. We need something to wake those dumb bass turds up.


4 posted on 01/24/2012 8:44:55 PM PST by FlingWingFlyer (For the first time in my adult life, I am ashamed of an American president.)
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To: smokingfrog

I’ll sacrifice if it’ll only help buy a ticket back to Kenya for the Indonesian!


5 posted on 01/24/2012 8:45:14 PM PST by Revolting cat! (Let us prey!)
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To: smokingfrog

If Obamass gets a second term $5 a gallon while seem cheap.


6 posted on 01/24/2012 8:46:09 PM PST by doc1019 (Romney will never get my vote!)
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To: smokingfrog

I am convinced it was the high gas prices of 2008 that broke the camel’s back and caused the bubble to burst. I was paying $4.99 a gallon for diesel and it was costing me $40 a day to get to work. I drastically cut back on everything. Stopped going out to eat. People started having to choose between getting to work and paying their mortgage. If gas goes up again we will be in deep, deep do do.


7 posted on 01/24/2012 8:48:53 PM PST by albionin
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To: albionin

do do = doo doo


8 posted on 01/24/2012 8:50:08 PM PST by albionin
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To: smokingfrog
$5 gas coming .... ?

A-GAIN!!!???? How many times are we going to hear this song - until they make it TRUE!!???

9 posted on 01/24/2012 8:52:23 PM PST by DustyMoment (Congress - Another name for white collar criminals!!)
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To: DustyMoment

I think there are 5 gas stations in Laguna Beach. 4 of them regularly have gas at $3.99-4.25. The other one is actually in south laguna and I paid $3.79 today, that was much less than the summer high of 4.35 I paid last summer.

I can see it happening.


10 posted on 01/24/2012 8:55:35 PM PST by porter_knorr
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To: null and void

Excellent idea!!!!


11 posted on 01/24/2012 8:56:55 PM PST by Gator113 (~Just livin' life, my way~..... GO NEWT GO.....!)
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To: null and void

That’s good. I’d also like to see a sticker with Obama with a pipeline sticking up his butt or something equally grotesque to remind everyone who they should thank for that $5/gal gasoline this summer.


12 posted on 01/24/2012 8:58:20 PM PST by bigbob
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To: albionin

“If gas goes up again we will be in deep, deep do do.”

We already are in “deep, deep, do do”. Unfortunately there are still too many idiots that refuse to believe it. But I’m sure that when gasoline hits $5.00/gal, they will wake up damn quick. But it will be too late by then.


13 posted on 01/24/2012 8:59:18 PM PST by Ernie Kaputnik ((It's a mad, mad, mad world.))
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To: smokingfrog

The spike in gas prices in 2008 is what tipped the country into the economic swamp we’re in today, as those who were barely making ends meet spent more on transportation and had less to put into their mortgage payments - another spike coming in the fall could send us back into recession, and Obama out the door - he may come to regret his Keystone pipeline decision sooner than he thinks.....


14 posted on 01/24/2012 8:59:39 PM PST by Intolerant in NJ
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bttt


15 posted on 01/24/2012 9:03:47 PM PST by Matchett-PI ("One party will generally represent the envied, the other the envious. Guess which ones." ~GagdadBob)
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To: Gator113

I’ve been criticized as a vandal...


16 posted on 01/24/2012 9:05:52 PM PST by null and void (Day 1099 of America's ObamaVacation from reality [Heroes aren't made, Frank, they're cornered...])
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To: smokingfrog
During the time when Newt Gingrich and his Conservative colleagues were in power, gas was 77 cents per gallon in the Dallas area. That was a very good era. I was making good money on my investments, our company was selling product consistently and all of us, employees, management and owners, were making good, honest money.

When President Gingrich sweeps into power again and the Tea Party Patriots controls the budget, I see inexpensive, plentiful gas again. Newt knows that we have to "Drill Baby Drill!" and "Frack Baby Frack!". I'm looking forward to a renewed America...it won't be long now.

17 posted on 01/24/2012 9:08:47 PM PST by re_nortex (DP...that's what I like about Texas.)
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To: smokingfrog

I forget. Why do I have Hofmeister on my sidebar?


18 posted on 01/24/2012 9:11:14 PM PST by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: DustyMoment

So what do you see the current administration doing to slow or stop this trend? The Bamster is pretty keen on $8 gas and all of us in Smart Cars or riding bikes-—you would disagree?


19 posted on 01/24/2012 9:11:13 PM PST by hatfieldmccoy (It's not racism..... it's probability, actuarial tables, statistics. Facts are stubborn things.)
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To: null and void

I should print some of those around Memorial Day. You know, the day Obama can go and speak with some of those we memorialize....

Gas ought to be racing toward $5 to set up the summer.


20 posted on 01/24/2012 9:13:45 PM PST by Vendome (Don't take life so seriously, you won't live through it anyway)
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