Oil Executive Predicts $1 Gas In 2009

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Joe Petrowski, CEO of Gulf Oil has been studying the oil business since the 1970s when he wrote his Harvard thesis, said that the price of oil could sink to $20 per barrel. This will be the first time since 1999. I must say I am not so surprised about this. The energy companies don't like all this talk of high-efficiency cars. The reducing dependence on foreign oil coming from their biggest customer. They'll try everything they can to keep us addicted. But I don't think it will work this time around.

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