Gas going to $5/gallon??

Former Shell Oil CEO John Hofmeister on why gasoline may jump to $5/gal and how he hopes he's wrong, but afraid he's right.  Some view this as a "scare" number and won't affect most consumers, but Mr. Hofmeister explains that a reduction in oil production and the amount of oil being sent overseas will push this number higher.  President Obama's green energy agenda and taxes are causing oil companies to be in favor of less oil in America and exporting it out of the US, thus driving the price higher.  China's growth has been a major factor as well as India's demand.  Other factors affecting the price of gas: crude oil production, cost of crude oil, availability of crude, closure of refineries in America on the east coast.