As linked on the http://www.anu.org blog on 5/22/08:
<center>'Squawk Box' Guest Warns of $12-15-a-Gallon Gas</font></center>
Edited by: Jamie KelsoRobert Hirsch, an energy advisor, says CNBC morning show prediction was a citation of the 'Dean of Oil Analysts.'</font>
By Jeff Poor
Business & Media Institute
It may be the mother of all doom and gloom gas price predictions: $12 for a gallon of gas is “inevitable.”
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 told host Becky Quick there was no single thing that would solve the problem, due to the enormity of the problem.
“[T]he prices that we’re paying at the pump today are, I think, going to be ‘the good old days,’ because others who watch this very closely forecast that we’re going to be hitting $12 and $15 per gallon,” Hirsch said. “And then, after that, when oil – world oil production goes into decline, we’re going to talk about rationing. In other words, not only are we going to be paying high prices and have considerable economic problems, but in addition to that, we’re not going to be able to get the fuel when we want it.”
Hirsch told the Business & Media Institute the $12-$15 a gallon wasn’t his prediction, but that he was citing Charles T. Maxwell, described as the “Dean of Oil Analysts” and the senior energy analyst at Weeden & Co. Still, Hirsch admitted the high price was inevitable in his view.
“I don’t attempt to predict oil prices because it’s been impossible in the past,” Hirsch said in an e-mail. “We’re into a new era now, and over the next roughly five years the trend will be up significantly. However, there may be dips and bumps that no one can forecast; I wouldn’t be at all surprised. To me the multi-year upswing is inevitable.”
Maxwell’s original $12-15-a-gallon prediction came in a February 5 interview with Energytechstocks.com, a Web site run by two former Wall Street Journal staffers.
“[Maxwell] expects an oil-induced financial crisis to start somewhere in the 2010 to 2015 timeframe,” Energytechstocks.com reported. “He said that, unlike the recession the U.S. appears to be in today, ‘This will not be six months of hell and then we come out of it.’ Rather, Maxwell expects this financial crisis to last at least 10 or 12 years, as the world goes through a prolonged period of price-induced rationing (eg, oil up to $300 a barrel and U.S. pump prices up to $15 a gallon).”
According to associate of Maxwell at Weeden & Co., Maxwell is out of the country and currently unavailable for comment.
Maxwell’s biography on the Weeden & Co. Web site said he “has been ranked by the U.S. financial institutions as the No. 1 oil analyst for the years 1972, 1974, 1977 and 1981-1986,” according to polls taken by Institutional Investor magazine.
“In addition, for the last 17 years he has been an active member of an Oxford-based organization comprised of OPEC and other industry executives from 30 countries who meet twice a year to discuss trends within the energy industry.”
Although Maxwell’s prediction is for the long-term, not everyone supports high-end predictions, even in the short-term. CNBC contributor and the vice president of risk management for MF Global (NYSE:MF) John Kilduff said on “The Call” May 7that he expected gas prices to drop following the Chinese Olympics, as China’s economic boom slows down.
Gasoline at $12 to $15 per gallon would not surprise me in the least.
If Ben Shalom Bernanke and his fellow counterfeiters at the Fed persist in slashing interest rates and printing worthless paper by the shipload full, $1,000 per gallon is entirely possible. With 2% interest and with "our"(?) government's acknowledged inflation rate at 4%, they are literally paying the speculators to take the money.
It looks more and more like Weimar of the 1920s all over again.
Yes, Adolar, well said. And the speculation is that the Banksters are panicked that gold will go over the $1,000 per ounce mark. This would help to explain why they have been selling TONS of central bank gold into the market, thereby forestalling the breakout over the $1,000 mark. What is gold today? Around $930?
The price of oil is only going up in terms of the fast-sinking dollar, with the barrel price hitting $135 a barrel yesterday (May 22, 2008).
"Never overestimate your enemy" is just as valid a precept as "never underestimate your enemy", and my own opinion is that our racial enemies among the banksters are making a huge strategic mistake in causing a dollar collapse. They would have been better off continuing the Happy Days artificial prosperity that they have been running so successfully for decades.
The banksters are going to be sorry that they crashed the economy of Joe and Jane Average Whiteman. Joe and Jane Average Whiteman are going to finally get angry with the disappearance of the deceptive temporary comfort that has prevented them from getting mad.
By the word "temporary" I'm referring to time periods that cover decades but not lifetimes. The enemy has taken good advantage of the unfortunate fact of present-day White psychology that White folks' time horizon of concern has been shrunk to their own "comfort" over the time-frame of making their car payments. As long as White folks have been able to comfortably make all of their credit card, car, and house payments, it's been hard to get them really mad.
When they can't make those payments, then we'll start seeing really mad White folks....I hope. Getting White folks mad is, in my opinion, a huge blunder by the people who think they can dispossess the White race.Edited by: Jamie Kelso
Actually, the price of gold has been manipulated through short sales and other means for some time; the lawsuit initiated by Reginald Howe over seven years ago, naming Alan Greenspan, Lawrence Summers, BIS, J.P. Morgan, Goldman Sachs, etc. as defendants is still on the web:
Psychologists claim that in the case of individuals, conflicts have to be sharpened to the point where difficult decisions have to be resolved. As with individuals, so with whole societies, and it could very well be that the worsening economic situation will be the very thing neededto shake our people out of their fantasy world of comfort and security--everything is not always for the best in the best of all possible worlds, as Dr. Pangloss claimed.
Yes, I think you are correct; when Joe and Jane Average Whiteman can't meet their credit card and mortgage payments, skin and hair will fly. There is a saying that out of evil, much good can come, and I think we might be on the verge of that saying being vindicated.
Better an end with a fright than a fright without and end!
Originally Posted by Jamie Kelso
The greed of the Jews and their lack of creativity combines to give them no options when their schemes fall apart. Currently, they are trying everything to keep their scams going but in the end they will create hyperinflation or a super depression or both!
When our people start to become uncomfortable and they begin to struggle, you are right, that is when they will demand change. An Order can only survive as long as the people are comfortable enough to let it remain, and when it fails to provide the people what they want and need, it will die. Right now the New World Order is on its’ deathbed as it struggles in vain to establish a larger empire and conquer the world in the misguided belief that it can prolong itself if it can acquire new people to rule, but in the end, it will only hasten its’ death. Soon the struggle for a new order will arrive in earnest.
Diesel was $4.75 today in suburban DC. Mid-grade gas was $4.08.
It was summer CY2002 when the "DC Sniper" went on his spree, shooting strangers with a high-powered rifle from the trunk of a sedan with a hole drilled for the rifle to poke out. I remember -- unleaded 87 octane gas cost $1.21 per gallon. What a difference six years of GWB makes