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By Robert Rapier on Jan 17, 2011 with 34 responses

Who, How, and Why: $140 Oil and $5 Gas

The following guest post is from ———————————— Who, How, and Why:  $140 Oil and $5 Gas According to a loosely-organized apocalyptic Christian movement, May 21, 2011 will be the “end of days.”  On or about that same date, the price of oil in the United States will begin to climb to $4 a gallon, according to two savants of the oil industry. The former is highly unlikely but the latter is very probable. The escalation in the price of oil is predicted by the legendary oil man T. Boone Pickens, known for his financial acuity as well as his oil expertise, and John Hofmeister, who retired as president of Shell Oil Company, to sound the alarm about the rate… Continue»