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Gen2 Energy AS and SEFE Group have signed a Memorandum of Understanding (MOU) to pursue an offtake agreement for...

As gasoline and diesel prices continue to climb, there is no quick fix in sight and it might take a recession to bring them down

Worried about oil going forward later. fine. right now you have to take care of americans and americans are suffering in droves. we haven't seen prices go up. what will happen the next two weeks from the last two weeks with wait tell you see eight and $9 in california. no fun, my friend. >> neil: all right. gary kaltbaum, thanks very much. one last boring academic point that i'll raise with you before we get to rick perry. it's about supply and demand. what is left out, anticipated supply and demand just like it's about future guidance when you weigh whether you should buy or sell a stock. the...

We're looking at 1 million gallons a week right now. if we don't want this to happen again, with he need to rethink, do we really want to open up the entire mid-atlantic to offshore drill. dus virgin does virginia, want to risk six days of potential supply of american oil for a 1 in 50 or 1 in 100 chance that the entire coastline of virginia could be covered in oil like this? on the other hand, you set up wind turbines, there are no oil spoils that come from offshore wind. we have to start making some choices. >> what can we al vage at this poi point? can at the shut this thing off before more...