Skip to comments.Former Shell Oil President: We Won’t Have Enough to Fill Gas Tanks No Matter the Price
Posted on 03/13/2012 10:42:03 AM PDT by Nachum
Former Shell Oil President John Hofmeister predicted that the U.S. wont have enough oil to fill gas tanks whatever the price and that high gas prices could lead to another recession, because people wont be able to buy things. The host of Washington Journal asked Hofmeister if he agreed with the head of ExxonMobil, Rex Tillerson, that the U.S. wont see $5 a gallon gas and that the rhetoric over Iran is responsible for driving up gas prices temporarily. Theres a lot of views out there, and Ive been articulating a $5 price.
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I was around during the Carter years. Once they totally fouled up the price AND availability of fuel, they claimed we were quickly running out of oil.
Sadly, whatever a speaker says, you have to compare against his or her agenda. I don’t know if there is such a thing as objective truth in the world today.
I am fearful that the American people are being so misserved by the political class in this country - and as I said, both Republicans and Democrats that something has got to be done, he said.
The American people have got to get a grip on the politicians who refuse to deal with the future needs for energy, because if its not $5 this summer, guess what. If we stay on the plan were on, which is no plan whatsoever, well be at $5 next summer or $5.50 the following summer, or well be standing in gas lines wondering whatever happened to this country, Hofmeister added.
If the oil producers want to export the oil we can find new producers that WON’T..
The oil in America belongs to Americans.. not the oil producers..
International oil producers need to git their minds right.. or who needs them..
Oil and Gas have become a commodity of National Security..
Like Newt says the Energy Dept. needs to be eliminated..
OIL is today used as a weapon... a weapon of mass blackmail..
Take that weapon out of foreign hands and the world will change..
Other producing nations will do the same..
It ALL STARTS with a serious look at the federal reserve..
International money scammers run that place.. AND OWN the multi national Oil Companys..
And then we have:
The price of oil has to come down because supply prospects are so positive, said Manouchehr Takin, an analyst at the Centre for Global Energy Studies. The rate of demand isnt going to grow as in the past as we use resources more efficiently.
We are a long, long way from being an oil exporter. We import significantly more oil the we produce ourselves.
This guy has been on local Houston radio talk shows several times. He is pretty sharp.
Yep, high gas prices had people fuming at Carter, but when you had to line up for alternate-day rationing they ran him out of town on a rail.
What should the price of gas be?
Only a communist government using command and control on the economy would think they have a right to decide.
Abut a month ago I heard some one on a conservative talk radio program saying he expected gas to hit $7 a gallon by the end of August. So far we’re on track for that if we keep increasing by .50¢ a month.
“Oh. So we ARE out of the previous recession, then?”
No, we are entering a double secret recession.
I’m actually ok with 7 dollar gas in August. Ill hunker down and eat beans and rice, and ride my bike for the next ten weeks. Anything to get this SOB out of the White House.
BUT are we importing much of the oil because we are exporting domestic supplys and production?..
That is the question and the meme that O’Really suggests on his show..
I agree; and gas rationing like we had in the Carter years would seal the deal. I'm in a carpool and can deal with it.
Agreed - I would gladly take that if it gets obama out of office.
I read somewhere that the new EPA regs that are causing the closing of coal power plants are also causing refineries to shut down...
Eventually, somebody is going to ask, “did any farmers bother to plant this year?”. All it’s going to take is one spring were the farmers cannot afford the fuel to plow and America becomes Ethiopia.
“We are a long, long way from being an oil exporter. We import significantly more oil the we produce ourselves.”
As of 2012 we are a net exporter of oil. Demand has really dropped and the excess production is going overseas.
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