Expert Warns of ‘Gunfire’ If Gas Shortages Continue
Long lines snaking around gas stations in New York and New Jersey in the aftermath of Hurricane Sandy could "get to gunfire" if officials don't impose fuel rationing, an affordable energy advocate told CNBC Friday.
John Hofmeister, head of Citizens for Affordable Energy told CNBC that the governors of New York, New Jersey and Connecticut should resort to dramatic measures to prevent the inconvenience from spiraling into further chaos or violence.
"This could get to gunfire if it continues in the way it's going now," warned Hofmeister, the former CEO of U.S. Oil, on CNBC's "Squawk Box". The leaders of the Tri-State area should "come together, go to an odd/even rationing plan, to cut the demand in half every day" much like during the fuel issues of the 1970s.