Even if $5 per gallon is not in our immediate future, it would appear that the mainstream media is working to get the American populace to mentally prepare for such a reality.

Various news agencies are reporting that some analysts are saying that we could see $5 per gallon gasoline prices in 2012. Such sentiments are quite ominous for the US

The rocketing costs of oil and gas shales, which in one case has shot up 10-fold in five weeks, is raising concern of a bubble, according to Bloomberg.

Bloomberg said that, “Chinese, French and Japanese energy explorers committed more than $8 billion in the past two weeks to shale-rock formations from Pennsylvania to Texas after 2011 set records f