$10 A Gallon Gasoline? ... Meanwhile, still living in a fantasy world in Saudi Arabia (trillions of dollars can cause people to lose sight of reality you know) and OPEC leaders warned oil prices could hit $200 a barrel and there would be little the cartel could do to help. Well, maybe! The comments made by Chakib Khelil, Algeria’s energy minister, came as oil prices hit a historic peak of $120 a barrel, putting further pressure on global economies...
$12 A Gallon Gasoline? ... And you thought $10 was high? 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 said there was no single thing that would solve the problem, due to the enormity of the problem...