87°
Baton Rouge, Louisiana
3 Day Outlook
Thu
93°
73°
20%
Fri
94°
73°
20%
Sat
97°
74°
60%

Latest Weather Blog

Follow our weather team on social media

Gas prices could climb due to Gulf spill impact

4 years ago October 26, 2010 Oct 26, 2010 Tuesday, October 26 2010 Tuesday, October 26, 2010 4:39:57 PM CDT in News
Source: WBRZ
By: Mike Steele

Former Shell Oil President John Hofmeister said the U.S. is heading for an energy abyss, and fallout from the Deepwater Horizon spill will speed up the problems. 

Hofmeister said he predicts new drilling permits for the Gulf will not be approved by Washington, which will cause oil reserves to drop. That will send the price of gas up to 2007 or 2008 levels. 

Economist Dr. Loren Scott said the lack of drilling could also cost the state jobs.  He said a report released this month supports Hofmeister's prediction that drilling in the Gulf will decrease for 2011 and 2012.

Hofmeister said other factors are leading to a national energy crisis.  He said oil companies need to do a better job of communicating with the public about energy-related issues, and improvements need to be made to our energy infrastructure to meet growning demands.  He also said an independent agency should be created to handle energy policy, which would help keep politics out of the decision making.

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
Radar
7 Days