landowner

Former Oil Exec Predicts $5-a-Gallon Gas by 2012, Energy Shortages by Decade's End

The former president of Shell oil is predicting that the United States will face 1970s-style energy shortages and rationing by the end of the
decade, accusing the federal government of turning its back on the
country's domestic oil supply. 

Read more: http://www.foxnews.com/politics/2010/12/27/oil-exec-predicts-gallon...

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landownerPermalink Reply by P.G. on December 28, 2010 at 2:40
This ought to speed up consumer demand for CNG fueled autos, huh?

landownerPermalink Reply by Mac Davis on December 28, 2010 at 10:54

I suspect that there are a lot of forces that would love to have gas shortages and rationing.

 

The tree huggers would love to have a crisis to push their agenda.  (Note, I said "tree-huggers," not legitimate environmentalists.)

 

Lots of people in the government would love the additional degree of control that rationing would give them.  Both for the sheer political power it would give them, and for the "legitimate" power it would give them to steer energy policy.  I hope they realize that if rationing happens, the public is going to throw them out of office no matter what the cause.

 

I'm sure lots of folks in the alternate energy business would love for there to be a crisis and rationing as well.  Or mainstream energy companies, especially foreign ones.

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