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Vol. 16, No. 2 Week of January 09, 2011
Providing coverage of Alaska and northern Canada's oil and gas industry


Oil insider sees $5 gasoline by 2012

Former Shell Oil President John Hofmeister envisions political gridlock, other factors inflating U.S. prices to record highs

Rose Ragsdale

For Petroleum News

Americans will pay $5 for a gallon of gasoline by 2012, thanks to growing global demand for oil, tighter supplies and inadequate responses by the U.S. government, the former president of Shell Oil told Platts Energy Week Dec. 26. John Hofmeister also predicted little or no new drilling in the deepwa....

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Backlash potential in 2012


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