Archive for the ‘energy’ Category

Squawk Box Guest Warns of $12-15-a-Gallon Gas

Wednesday, May 21st, 2008

It may be the mother of all doom and gloom gas price predictions: $12 for a gallon of gas is "inevitable." Robert Hirsch, Management Information Services Senior Energy Advisor, gave a dire warning about the potential future of gas prices on CNBC’s May 20 "Squawk Box". He told host Becky Quick there was no single thing that would solve the problem, due to the enormity of the problem.

In other words…BUY A SCOOTER

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House passes bill to sue OPEC over oil prices | Reuters

Tuesday, May 20th, 2008

The House of Representatives overwhelmingly approved legislation on Tuesday allowing the Justice Department to sue OPEC members for limiting oil supplies and working together to set crude prices, but the White House threatened to veto the measure. The bill would subject OPEC oil producers, including Saudi Arabia, Iran and Venezuela, to the same antitrust laws that U.S. companies must follow.

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