John Hofmeister

(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...

(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...