pernicious to the economy than oil prices. it is essentially a tax increase but the revenue doesn t go to the government who may pay for teachers or roads. it goes to overseas producers. nothing is worse for the economy. is there anything the federal government should do to halt the rising price of gas? we have been through this play again and again and again. in the moment when the gas prices are rising, you see everyone scrambling, you know, tap the reserve, get rid of gas taxes. the reality is we have reality ahead of this and have a serious national energy policy that leaves us less reliant on oil. since we aren t ahead of it, is there a point at which you go, price to the economic recovery is way too high here, we need to intervene and bring the prices down or let it roll? i don t think we re there yet. oil prices are still below $100 a darrbarrel. it s painful but manageable. if they rise above $100, then it
in the moment when the gas prices are rising, you see everyone scrambling, you know, tap the reserve, get rid of gas taxes. the reality is we have to get ahead of this and have a serious national energy policy that leaves us less reliant on oil and less exposed. since we aren t ahead of it, is there a point you go, whoa, price is too high. we need to bring it down or let it role? i don t think we are there yet. oil prices are still below $100 a barrel. it is painful but manageable. we can digest that. if they rise measurably above $100 it becomes a problem. we are not there yet. i m hopeful the middle east unrest will set and we will get prices down close to where they were before. double dip recession, we should that s out of the lingo now. i have never been one concerned about dibble dip. we need focus all of our
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sensitive esuaries in that type of the state. they re lowering down containers, barricades to keep this oil from getting past the barrier islands. there s booms going out. so much stuff we re seeing from other parts of the gulf. very heat fred that part of louisiana right now, has everyone scrambling to make sure, as this oil is moving west, to make sure it doesn t do any more damage than it has to right now. cnn s david mattingly for us from venice, louisiana. thank you. the explosion that unleashed the massive oil leak in the gulf left 11 people dead. one survivor of the tragedy is speaking out about what happened. he told this story to john roberts filling in on cnn s campbell brown. when i saw the derrick on fire i knew that there was no way we were put that fire out. i knew we were more than likely going to abandon the rig. i still kind of am in shock. i didn t expect to see that. did you fear for your life at that point? absolutely.