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Detailed text transcripts for TV channel - FOXNEWS - 20110313:22:41:00

atlantic. everybody is shaking their heads at me. go ahead. well, there s a lot of you talk to people who are in the oil production business they d like to explore a lot of places they are not currently permitted to explore and, it s a huge commodity and yet it s not clear that is why oil prices are up, there is huge commodity inflation thanks to the fed s monetary policy and part of that is oil price inflation and, you know, i think we shouldn t overreact. it is a huge issue, july, august, 2008 and by election date, drill, baby drill was not carrying a lot of states for john mccain and i m not sure people, republicans would be wise to demagogue, frankly, gas prices, i think they can make a broader case inflation is on the way and gas prices are a leading indicator of that. chris: jeff. it will be interesting see as gas prices remain a central political issue over the summer. they will not go down soon, see what the president suz short-term and when he was a presidential candid

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