Fmr Shell Oil Pres: Obama's Oil Drilling Moratorium Will Lead To $1.50-$2.00 More Per Gallon By 2012

Posted: Jun 28, 2010 11:13 AM
Remember when Rupert Murdoch labeled Obama's policies as "dangerous" and predicted that unemployment would reach 10 to 11 percent on Cavuto back on June 8, 2009? Well here we have former president of Shell Oil, John Hofmeister, making another scary yet very possible prediction. Would it be Obama's "Katrina," as Hofmeister says? Me thinks so.

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