more now on the impact being felt in this country by the turmoil in the middle east and the disaster in japan. i think we are all worried about this. especially how does this impact us here in the united states, american families, you, me, especially it sha the price o. joining me now is john hoffmeister from citizens for affordable energy. thanks for being with us. thanks, edie. i was out driving today in pennsylvania actually and i had to fill up the car which was painful. i realized that just filling up your car with gas, it s increased $15 in just the past year. you take a look at libya now, a source of oil. now we don t know what s going on there. you look at japan, which if it doesn t go back to nuclear
done their job. they haven t delivered affordable energy. i said to candidate obama in 2007 to him directly if you don t provide more hydro carbons in 2009 to 2012, you will not like the gas price you will be running against when you go up for re-election in 2012. eliot, you think the gas prices could spell doom for an obama re-election? i don t want to say doom. but they ll have a political impact. consumers, 15 gallons, $5 a gallon. something isn t working well. the other aspect is $5 a gallon will really damage the economy if we re saying we have a little bit of stimulus through the tax deal. that stimulus disappears if consumers are sending it to exxon and shell. the economy would take a serious hit. that s why the need for an energy policy is desperate. john hoffmeister is right.
it. people have to pay for the cost that they create by using this gas. one of the few executives i ve noun, so he is in favor of nukes and taxing. he s in fafr of efficiency. sort of a multifaceted plan. a lot of it makes sense. drilling is one part of it. he and i may disagree. we do disagree about his criticism of the obama administration. he soft pedalled the bp crisis in the gulf too much. we re locked in a two-year cycle. have you spoken to anybody? is anyone listening? he s talked to governors and mayors in the white house. he said it was a nice meeting cut shorter than planned and nobody was interested in what he had to say. we had ed rendell on the show. he was saying things in line with what hoffmeister said about
utah, colorado and wyoming have the cheapest gas as low as $2.74 a gallon. one oil industry insider predicts we ll look back fondly on those prices. he sees gas hitting $5 a gallon soon. christine has the details. christine? suzanne, former shell president john hoffmeister predicts gas will hit $5 a gallon by 2012. so-called brick countries like brazil, russia, india and china. drive cars. stronger economies overseas mean factories are humming and using a lot more oil, as the rest of the world grows, supplies will be stretched. well, i m predicting the age of the energy abyss hit this is nation between 2018 and 2020. if we just do the math, do the curves, on what we re not doing and what we should be doing wen
with with the search teams. the former president of shell oil predicts gas prices could hit, are you ready for this $5 a gallon by the year 2012. john hoffmeister says prices will spike because of the global demand for oil. he s an accomplished musician, even a knight, and now elton john is a father as well. but first, we have a lot going on here today, and some of the things we just thought you should know, while the first family vacations in hawaii, the state s governor wants to prove once and for all president obama is a native hawaiian. governor neil abercrombie says the so-called birthers are insulting obama s late parents who the governor personally knew in college. the white house is staying out of the debate. 19 u.s. banks could be in trouble with the feds. the banks in question took billions in taxpayer funded bailouts. and supporters of new york