Thursday, August 18, 2005

Craig Smith: $5/Gallon Gasoline In 2006

Oil expert Craig Smith says five dollar a gallon gasoline is coming in 2006, and prices could go even higher if a terrorist operation hits an oilfield. His solution is to open up all the places currently offlimits to drilling (Colorado, offshore California, etc. are all mentioned), but I wonder what price will end (or neutralize) environmental objections to drilling?