Moneynews.com
April 12, 2011
Oil prices may jump to record highs in the next couple of months, all because of President Barack Obama’s policies, and that could send the U.S. economy back into the dark ages, says billionaire real-estate mogul and reality-TV star Donald Trump.
“Oil is going to a level that may be unprecedented. Gasoline is going to be $6 to $8 a gallon,” he told CNBC. “If oil continues to go up, it’s going to be very rough. This country can never recover, because oil is our lifeblood.”
Oil hit a 2½-year high above $112 a barrel Friday.
Read more: Trump: US Will ‘Never Be Great Again’ if Obama Allows $8 Gasoline
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