John Hofmeister

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Expect $5 Gas in 2012: Former Shell Oil Chief

Economic recovery, developing nations will push petrol demand

(Newser) - Gasoline prices will hit $5 per gallon within the next year, the former president of Shell Oil predicts. John Hofmeister says oil demand will ramp up as developed economies approach a full recovery from the shocks of 2008 and developing economies increase their demand. "I'm predicting actually the worst... More »

Hey, BP: Supertankers Could Clean Up Spill

They suck up vast quantities of polluted water; oil is filtered out in port

(Newser) - A former Shell Oil president has some advice for BP: Use supertankers to suck up the oil fouling the Gulf of Mexico. He says the Saudis used it in a hush-hush cleanup project after a spill in the early '90s dumped hundreds of millions of gallons. The Saudis "figured... More »

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