You have to take everything John Hofmeister says with a grain of salt. Though he predicts $5/gallon gas in the US by the end of 2012, like others pointed out, most analysts don't see it going that high until the end of the next decade. Furthermore, what is John Hofmeister's answer to keep it from happening? Drill baby drill........namely in the Gulf of Mexico!!! Now who would benefit from that.....Hmmmmm.....certainly not Shell Oil (not that John Hofmeister owns stock or anything)! John Hofmeister is talking out his ass to try to scare ignorant Americans into panicing & pushing the issue to open the Gulf back up to drilling! He's just trying to scare people so he and his cronies at Shell can profit from it! Hell big oil learned a long time ago that they can charge whatever they want, and we will pay it! We can let them drill all they want.....they'll still charge us whatever they want for it!
The real solution isn't drill baby drill! It's moving us off fossil fuels, and the technology of the early 20th century......and moving to new fuel sources (not bio-fuels either.....they drive up the costs of food products....such as corn), and new technologies for the 21st century! The US needs to stop being spoiled.....we have been too long, and we need to stop living in the past! Why is it that high speed rail is very successful in Europe and Asia, yet we have barely even made any inroads in the area? Is it a coincidence that big oil (and even the car companies even) actually have been lobbying against public transportation initiatives in the United States for years? They want us all to each drive our own car (to Hell with carpooling too) and burning as much gas as possible!!! Guess that is to be expected in a land where they even stopped building sidewalks until recently! We need to stop allowing ourselves to be slaves to big oil.......and that doesn't mean we should become slaves to something else, such as big corn, either!!!
