“You Think $4 per Gallon is Expensive? Wait Until Next Year.”
Posted by Roxane Geraci
on Sep 21, 2011
It was all about oil – “black gold”, “Texas tea”… at a
recent Joliet Rotary meeting when Jay Bergman, President and CEO of Petco
Petroleum Corporation, gave members food for thought while presenting, “You Think $4 per Gallon is Expensive? Wait
Until Next Year.” As President/CEO
of the independent oil and natural gas producer headquartered in Hinsdale, IL.,
Bergman gave the group insight on how
gas prices are determined and what to expect at the pump in the future.
He also effectively described oil classifications and other types of energy production, as well as how “supply and demand” will affect future gas prices. While sharing his thoughts, Bergman also discussed a 3-year peak in current oil production, followed by a decrease.
A resident of Joliet, Bergman is a graduate of Illinois State University, where he also serves on the Board of Trustees. He also is chairman of the board at American Heartland Bank and Trust (Sugar Grove, IL.) a member of Illinois Board of Higher Education, a member of the board of directors and chairman of the Development Committee for the Will County Community Foundation, and is a member of the board of directors for the Joliet Area Historical Museum.
In tune with “You Think $4 per Gallon is Expensive? Wait Until Next Year” presentation, Sergeant at Arms Lisa Kinser offered fun “oil” facts to members, while collecting money for the Club’s charitable efforts.
In tune with “You Think $4 per Gallon is Expensive? Wait Until Next Year” presentation, Sergeant at Arms Lisa Kinser offered fun “oil” facts to members, while collecting money for the Club’s charitable efforts.