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Energy expert: Gas could reach $15
 
Published by kidmercuryblog
05-26-2008

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Energy expert: Gas could reach $15

Robert Hirsch, senior advisor for Science Applications International Corporation, sat down with MSNBCÂ?s Alex Witt to discuss the possibility of an upcoming oil crisis. Hirsch says that gas could reach $15/gallon within a few years because it is Â?essentially certainÂ? the world has reached the maximum levels of oil production. Â?The problem is that thereÂ?s not that much oil left in the ground,Â? Hirsch says. Â?What weÂ?ve done is been very fortunate to have oil production increase as our economies have developed over the past decades. And now weÂ?re reaching a point where weÂ?re about to get, or we may be, at the maximum world oil production. After that, oil production will then decline and prices, of course, will continue to do what theyÂ?ve been doing recently. So what weÂ?ve got today may be the Â?good old days.Â?Â?


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