Oil Executive Predicts $1 Gas In 2009

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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