As High Gas Prices Loom, New Congress Faces Pressure on Drilling

Posted by Greenwire: Anne C. Mulkern on January 4th, 2011
Greenwire: Party leaders in the new Congress have yet to unveil their full agenda, but lobbyists and observers see one issue they'll likely confront: what to do about rising gas prices. Pump prices jumped over the past six weeks, and some experts predict they will continue climbing. Former Shell Oil President John Hofmeister predicts that increased worldwide demand and lack of production could push gas prices in the United States to $5 per gallon by 2012. "We continue to demand more," Hofmeister said today,......

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