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Wednesday, May 28, 2008

Are You Ready for $15 Gasoline?

Riverwired points to an interview on CNBC with "Management Information Services Senior Energy Advisor" Robert Hirsch, who warns that gasoline could hit $12 to $15 a gallon.

He based his prediction on an interview given by Charles T. Maxwell in February. Maxwell, who is apparently known as "The Dean of Oil Analysts," said the crisis will start sometime between 2010 and 2015 and will last for at least ten years.

Maxwell’s original $12-15-a-gallon prediction came in a February 5 interview with, a Web site run by two former Wall Street Journal staffers.

If this guy is right, you better buy a good bicycle.


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