‘Squawk Box’ Guest Warns of $12-15-a-Gallon Gas

May 21, 2008

Excepts as reorted on CNBC:

Robert Hirsch, an energy advisor, says CNBC morning show prediction was a citation of the ‘Dean of Oil Analysts.’
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     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.”

 

 

Our Perspective:

We have continued to ignore the inevitable. Back in the 70’s, when they introduced odd even day gas rationing, we were only paying $.30 a gallon. We all were fuming saying never again. We got to do something about this!

We grew complacient and prices continued to rise over the next 30+ years. Now we are paying $4.00 a gallon. Now a statement is being made to expect $12- $15 a gallon!

What are we doing to rid ourselves of this dependency?

Are we driving smaller cars?

Are we investing in alternative fuel options?

I think it is time to start speaking out. Let’s look at the alternatives.

The future rest in our ability to think outside the box.

Let me know how you feel? You may email george@hbsadvantage.com

 

 

 

 

 

 

One Response to “‘Squawk Box’ Guest Warns of $12-15-a-Gallon Gas”

  1. […] seriouslymcmillan wrote an interesting post today onHere’s a quick excerpt Excepts as reorted on CNBC: Robert Hirsch, an energy advisor, says CNBC morning show prediction was a citation of the ‘Dean of Oil Analysts.’ […]

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