With fuel prices in a temporarily lofty spot thanks to the holidays, it's hard to think of the price of a gallon of gas as a bargain, but according to the former president of Shell Oil, that's exactly what it is compared to what we'll see just one short year from now. While speaking with Platt's Energy Week Television, John Hofmeister said that he fully expects gas prices to be above $5.00 per gallon by the end of 2012. That stance puts Hofmeister firmly in the worst-case scenario club, though o
Shell president John Hofmeister is touring the country as part of a 50-city dog-and-pony show to explain high gas prices and listen to consumer concerns about the oil industry, the environment and just about anything else on the minds of his customers. It's a bold move, considering the public sentiment toward big oil. But I'm personally aware of Shell's efforts to strike a green chord in the hearts and minds of the public. I get calls or emails from Shell representatives every week, offering to
It's time to take a serious look at our country's federal gasoline tax. According to the New York Times, it's been set at 18.4 cents per gallon since 1993. This is FAR lower than any other industrialized nation. The article also points out that according to the International Energy Agency, America's overall gas taxes in August averaged just 40 cents per gallon while Britain and Germany were at $4.24 and $3.99, respectively.
The AP reported today that Shell Oil Company president John Hofmeister publicly denounced U.S. leaders for not piecing together a strategy to combat global warming. He believes the debate over the science of climate change is over and says, "It's a waste of time to debate it. Policymakers have a responsibility to address it. The nation needs public policy. We'll adjust."