John Stopa Second News Today : Breaking News, Live Updates & Top Stories | Vimarsana

And we could see $5 gasoline much sooner because the world needs more oil and we are -- >> john stop a second. wait a second. you are saying a gallon of gas is going to go to 5 bucks in the foreseeable short term future? >> without the turmoil by the end of 2012. when the turmoil if it continues it's not just libya it's all of the country's surrounding libya it's the uncertainty. oil producers who worry about whether thick get their supplies to market, most of all oil buyers. here is where the irrationality comes in. if you are running a chemical plant an airline you are worried about the futu...

And we could see $5 gasoline much sooner because the world needs more oil and we are -- >> john stop a second. wait a second. you are saying a gallon of gas is going to go to 5 bucks in the foreseeable short term future? >> without the turmoil by the end of 2012. when the turmoil if it continues it's not just libya it's all of the country's surrounding libya it's the uncertainty. oil producers who worry about whether thick get their supplies to market, most of all oil buyers. here is where the irrationality comes in. if you are running a chemical plant an airline you are worried about the futu...

Much sooner because the world needs more oil and we are -- >> john stop a second. wait a second. you are saying a gallon of gas is going to go to 5 bucks in the foreseeable short term future? >> without the turmoil by the end of 2012. when the turmoil if it continues it's not just libya it's all of the country's surrounding libya it's the uncertainty. oil producers who worry about whether thick get their supplies to market, most of all oil buyers. here is where the irrationality comes in. if you are running a chemical plant an airline you are worried about the future supply of crude oil. you a...