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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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To: FlingWingFlyer

That 50% who say they are going to vote for Barry Soetoro should be forced to pay 50 bucks a gallon.”

Talked to a gal a couple of years ago about voting for someone running against Congresswoman SHEILA JACKSON LEE. The price of gas came up. She said I should move back into the city so I could ride the bus then it wouldn’t matter what gas cost. Lot of his voters are just out of touch and unrealistic.


21 posted on 01/24/2012 9:16:25 PM PST by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: Vendome

I’d be willing to trade a couple dozen for fish tacos...


22 posted on 01/24/2012 9:20:43 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
gas pump
23 posted on 01/24/2012 9:20:50 PM PST by FrankR (You are only enslaved to the extent of the entitlements you receive.)
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To: Ernie Kaputnik

Facing it, always facing it, that’s the way to get through. Face it!

but.....

Don’t forget this date “21 December 2012” EOW... Maybe, just maybe, we’ll have bigger problem on the horizon than $5.00 gas! Prepare and be ready.


24 posted on 01/24/2012 9:28:03 PM PST by hapnHal (hapnHal)
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To: Revolting cat!

I don’t want him in Kenya. I want him in a US prison!


25 posted on 01/24/2012 9:28:53 PM PST by rfreedom4u (Forced diversity causes dissent!)
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To: hapnHal

One can hope...


26 posted on 01/24/2012 9:35:58 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
All of you evil Republicans are ignoring the Volt and other GREEN wonders!!!!!

(Yes Dear, I'll take my meds now)

27 posted on 01/24/2012 9:40:24 PM PST by Mark (Don't argue with my posts. I typed while under sniper fire..)
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To: null and void

Technically, perhaps..... but I still like it. ;>)

I don’t drive much around home, but when we take off on vacation, I could spread the word far and wide. ;>)


28 posted on 01/24/2012 9:49:52 PM PST by Gator113 (~Just livin' life, my way~..... GO NEWT GO.....!)
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To: porter_knorr

(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.)

Here in Hilo, HI we are on our way toward that $5. Today the 87 octane is going for $4.25.


29 posted on 01/24/2012 9:57:06 PM PST by Islander2
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To: null and void

Good thought, but I think it would be less distractive from your message and help your credibility a great deal if you at least spelled Barack’s name right...just sayin’.


30 posted on 01/24/2012 10:00:19 PM PST by Ackackadack
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To: null and void

Still finishing the estate and then taking off for a mini vacation but I do owe you a “date night” LOL

I drove by there today and almost stopped but had to keep on going.

I’ll try Thursday. Llamades


31 posted on 01/24/2012 10:00:34 PM PST by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: Intolerant in NJ

It’s not the gas, it’s the diesel. Diesel brings everything you buy to you.


32 posted on 01/24/2012 10:03:07 PM PST by steve8714 (Hitchens was wrong.)
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To: Ackackadack

Done. Thanks.


33 posted on 01/24/2012 10:05:20 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: Ernie Kaputnik

“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.”

You are right. I should have said bottomless doo doo.


34 posted on 01/24/2012 10:38:39 PM PST by albionin
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To: null and void

“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???

Good one.


35 posted on 01/24/2012 10:44:43 PM PST by RC one (the majority of republicans agree, anyone but Romney.)
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To: Islander2

Yikes, very painful days :(


36 posted on 01/24/2012 11:17:21 PM PST by porter_knorr
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To: null and void

But isnt that the way he *used* to spell it or has it always been with one “R” ?


37 posted on 01/25/2012 5:49:24 AM PST by simplesimon (" God doesn't call the qualifed , He qualifes the CALLED! ".. FReeper TomasUSMC...)
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To: hatfieldmccoy
The Bamster is pretty keen on $8 gas and all of us in Smart Cars or riding bikes-—you would disagree?

As much as I detest Bammy, neither party has been particularly keen on ensuring that we produce our own gas and oil for the past several decades. The'Pubbies havre done NOTHING to ensure that we could locate and produce our own gas and oil any more than the Dems. Both parties allow the envirowhackos to call the shots and neither is particularly concerned with what Mr. and Mrs. Average American is paying at the pump.

But, if you're looking for something to make your blood boil, try this one on for size - Gas and oil was one of our leading EXPORTS last year!!

38 posted on 01/25/2012 5:51:37 AM PST by DustyMoment (Congress - Another name for white collar criminals!!)
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To: DustyMoment
That's exactly why I've been saying for years that "Drill here, drill now!" is not going to make things any better for this country unless we get our financial house in order. The combination of increased domestic energy production and a weakening U.S. dollar results in dramatic growth of energy exports, not necessarily a greater supply of energy for domestic consumption.
39 posted on 01/25/2012 6:21:01 AM PST by Alberta's Child ("If you touch my junk, I'm gonna have you arrested.")
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To: albionin

When talking about King Barry, “do do” isn’t far off the mark.


40 posted on 01/25/2012 6:30:45 AM PST by Fresh Wind ('People have got to know whether or not their president is a crook.' Richard M. Nixon)
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To: Revolting cat!

That’s exactly what my husband said. Paying $5.00 for gas would be worth it to dump this jerk.


41 posted on 01/25/2012 6:36:52 AM PST by surrey
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To: Alberta's Child
. . . "Drill here, drill now!" is not going to make things any better for this country unless we get our financial house in order.

There are many components to this. Being able to develop and produce our own gas and oil is critically important to our future and plays into the financial issue but, you are correct, we desparately need to get our financial house in order.

One component of that is manufacturing. Here's a stat that should give you pause for concern - at the end of WWII, we had 60% of the world's manufacturing capacity. Today, we have less than 20% and an unemployment rate in excess of 9% (which probably means that the REAL number is closer to 20%!). THAT'S what our corrupt government (not just Bammy, but corrupt politicians on BOTH sides of the aisle) have given us. If we don't reverse the flow of manufacturing jobs offshore AND stop exporting domestically produced gas and oil (to lower the price at the pump), we are, indeed, hosed!

42 posted on 01/25/2012 6:43:56 AM PST by DustyMoment (Congress - Another name for white collar criminals!!)
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To: DustyMoment
Here's a stat that should give you pause for concern - at the end of WWII, we had 60% of the world's manufacturing capacity. Today, we have less than 20% and an unemployment rate in excess of 9% (which probably means that the REAL number is closer to 20%!).

That first statistic doesn't concern me at all. This is mainly because it is predicated on the notion that having 60% of the world's manufacturing capacity somehow represents a normal, healthy state of affairs. In fact, the opposite is true and the 60% figure you cite is nothing more than a historical anomaly tied to the fact that the U.S. was the only industrial power to emerge from World War II with our infrastructure and industrial assets unscathed.

The 300 million people in this country represent less than 5% of the world's population. Even having 20% of the world's manufacturing capacity means we are very much "over-weighted" in that figure. We have a lot of things going for us here, but it's no accident that we are losing ground to other countries that are simply larger than us, growing faster than us, and working harder than us. You might even call it a natural turn of events, when you think about it.

43 posted on 01/25/2012 6:53:54 AM PST by Alberta's Child ("If you touch my junk, I'm gonna have you arrested.")
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To: Alberta's Child

I think you missed the point of the statistic. Consider fighting a major war today. We have cut and crippled our military in the intervening years since WWII as well as shipping our manufacturing jobs offshore.

Most of the advanced weapons system in use today employ state-of-the-art electronics which use integrated circuits purchased from Taiwan, China, Japan or Indonesia. We produce practically no ICs in the US. In addition, the steel used to build ships, heavy armor, guns, and aircraft is imported from China or Japan and our uniforms are all made in China.

So, we have very long supply lines, small inventories and technology that has been distributed to potential enemies or countries who may be unable to supply our materiels in the event that they are interdicted by a hostile force.

So, not only are we dependent on foreign countries for our materials, the jobs (and, thus, the ability to improve our financial position) that come with those manufacturing plants are non-existant.

You might want to re-evaluate your “over-weighted” observation in light of the fact that we are beholden to China for virtually everything we buy as well as the debt we currently owe. Historically, America has been largely self-sufficient and has not had to depend on others for our needs.

With a population of 300 miliion (as you noted) and growing, the jobs we are creating are mostly low level service sector jobs. The middle class has been squeezed and is being eliminated by political elites who want to create an environment in which there are the political elites (our version of royalty), the very wealthy (who run the corporations and prop the political elites up), and the peons. This is NOT how America became the country we were and it is NOT the America that most of us want in the future. But, it is going to be our future if we don’t end it in a hurry.

a little story before I put my soapbox away and end my rant. In the 1980s, I was in Argentina, just prior to the outbreak of the Falklands War. Argentina had such a bad economy that they had to make jobs in order to keep people working. At one point, I went into a shop to buy a couple of tubes of toothpaste. I spoke to one clerk to tell them what I wanted (I couldn’t just get the toothpaste off the shelf and take it to the cashier). That clerk told another clerk what I wanted and that clerk pulled the toothpaste off the shelf. I then had to go to another clerk to write up a sales slip for the 2 tubes of toothpaste and, finally, I went to a 4th clerk to ring up my purchase and complete the sale. If we do not pull these jobs back, this is where we are headed.


44 posted on 01/25/2012 10:30:53 AM PST by DustyMoment (Congress - Another name for white collar criminals!!)
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To: Grams A

Wow! To some people, having somebody from the government taking care of them is more important than FREEDOM. That woman is sick.


45 posted on 01/25/2012 8:28:35 PM PST by FlingWingFlyer (For the first time in my adult life, I am ashamed of an American president.)
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To: steve8714
It’s not the gas, it’s the diesel. Diesel brings everything you buy to you...true, but I believe most people don't think much abut that, and the cost of the fuel is usually hidden from them in the price of the goods they buy - but people do start paying attention when gasoline prices start climbing, costing them more and more to get to work, to the market, to visit grandma, and to do all sorts of things in their day to day lives - and then they start to cut back in other areas like eating out, fixing up their homes, and buying new cars - and then we're into another recession, and then.......
46 posted on 01/25/2012 9:09:15 PM PST by Intolerant in NJ
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To: steve8714
Diesel brings everything you buy to you...true, but I believe most people don't think much abut that, and the cost of the fuel is usually hidden from them in the price of the goods they buy - but people do start paying attention when gasoline prices start climbing, posted clearly at the pumps and costing them more and more to get to work, to the market, to visit grandma, and to do all sorts of things in their day to day lives - and then they start to cut back in other areas like eating out, fixing up their homes, and buying new cars - and then we're into another recession, and then.......
47 posted on 01/25/2012 9:14:36 PM PST by Intolerant in NJ
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To: smokingfrog

If Iran closes the Straits of Hormuz, you could be paying $12.00 tomorrow!


48 posted on 01/25/2012 9:18:17 PM PST by djf (http://www.freerepublic.com/focus/f-chat/2801220/posts)
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To: hapnHal

“Prepare and be ready.”

Excellent advice.

FYI...I try to always be prepared and ready. Stocked to the gills with food, water and ammo.

“Just because I’m paranoid, that doesn’t prove that they aren’t out to get me.”

EK


49 posted on 01/25/2012 10:42:14 PM PST by Ernie Kaputnik ((It's a mad, mad, mad world.))
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To: smokingfrog

President Obama’s foolhardy energy policy

By Deneen Borelli 7:06 PM 02/06/2012

Fearing a political backlash over his rejection of the Keystone XL pipeline, President Barack Obama tried to use his State of the Union address to appease critics of his war on fossil fuels.

By stealing conservatives’ “all of the above” energy policy, Obama is trying to diffuse criticism of his flawed energy policy.

In particular, Obama’s call for more oil and gas drilling in his State of the Union address was meant to deflect attention away from his failure to approve TransCanada’s Keystone XL pipeline. TransCanada has already invested $1.9 billion in the project and abided by the federal regulatory process, and its pipeline provides a whole new meaning to Obama’s “shovel ready” phrase.

The president’s refusal to allow construction of the Keystone XL pipeline, at a cost of an estimated 20,000 jobs, is proof he is putting his radical ideology before the well-being of American families.

Read more: http://dailycaller.com/2012/02/06/president-obamas-foolhardy-energy-policy/#ixzz1lhaApJAf


50 posted on 02/07/2012 5:35:00 AM PST by KeyLargo
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