Ping.
I am fearful that the American people are being so misserved by the political class in this country - and as I said, both Republicans and Democrats – that something has got to be done,” he said.
“The American people have got to get a grip on the politicians who refuse to deal with the future needs for energy, because if it’s not $5 this summer, guess what. If we stay on the plan we’re on, which is no plan whatsoever, we’ll be at $5 next summer or $5.50 the following summer, or we’ll be standing in gas lines wondering whatever happened to this country,” Hofmeister added.
BTTT
And then we have:
“The price of oil has to come down because supply prospects are so positive,” said Manouchehr Takin, an analyst at the Centre for Global Energy Studies. “The rate of demand isn’t going to grow as in the past as we use resources more efficiently.”
http://fuelfix.com/blog/2012/03/13/iran-power-declining-in-oil-market-as-explorers-spend-90-billion/