Page 4 - Foil Flow News Today

The station, what people dont understand is, okay, no oil flow has been cut off except in libya where we dont get much of our oil. why is it now 17 cents higher per gallon than it was a week ago? what is driving them up -- fear? >> yeah, fear. i think there isnt a large cushion that the global demand suppliers are close to each other. if you take any amount of supply off line then you have higher prices. so i think its the concern that we are going to lose those supplies. >> i think mark has thi...

With me now here in washington the chief economist for moodys analytics and douglas holts aiken former director of the congressional budget office. when i talk to people about gas prices, even the folks that own the station, what people dont understand is, okay, no oil flow has been cut off except in libya where we dont get much of our oil. why is it now 17 cents higher per gallon than it was a week ago? what is driving them up -- fear? >> yeah, fear. i think there isnt a large cushion that the ...

Out and i have to run trucks and these guys, we literally cant add new routes. we cant afford to do it. >> peter: youre right, but like a lot of people that we know, we sit around and say, okay, theres crisis in the middle east, people are in the streets in various nations, how does that correlate at this point to an increase in gas prices? what has actually happened that the gas has been cut off in some way. >> clayton: thats a great point. >> peter: whats going on. >> clayton: im struck by why...

Afghanistan war to be made public. the website wikileaks is planning to release the rest of the secret papers it has on file. the pentagon warns their exposure would be even more damaging to the military than what was previously published. president obama signs a bill to strengthen the nations border security today. it provides $600 million to fortify the mexican border. that money will put more border patrol and customs and immigration officials on duty. it will be final approval in a special...

Everything is a go, so they could start pumping that drilling mud as early as tomorrow. if that goes according to plan they could use that equipment to pump in the cement to finally, finally cap this well. megyn: thats the goal to get the permanent fix on, but in the meantime the temporary fix, the cap that they put on there, has been working, and it has stopped or slowed much of the oil flow. so how are the local fishermen now reacting to that, kris? >> its great news because they continue to o...

People. i dont think at this point anybody thinks tony hayward did a good job. why possibly would he stay on his job? its unfortunate. what we never felt from bp was the heart. here, people died in the deepwater horizon incident. a whole region struck. they always seem to be spinning us that it wasnt their fault. the finger pointing with the other companies and president obama then had to come in and say this is ridiculous behavior. its been a joke since the beginning with hayward. hes going to ...

Tony haywards immediate reaction to all this was defensive. they went in cover-up mode, wouldnt verify anything and started virtually misleading people. i dont think at this point anybody thinks tony hayward did a good job. why possibly would he stay on his job? its unfortunate. what we never felt from bp was the heart. here, people died in the deepwater horizon incident. a whole region struck. they always seem to be spinning us that it wasnt their fault. the finger pointing with the other compa...

We put out probably 4.5 to 5 million barrels out of the reservoir. as we were talking about earlier, it takes more wells than just one to drain the entire reservoir. you get a big pressure drop around the well board. it wont drain as well. there is depletion going. >> bob, this idea about the sort of fail safe on this being okay, were not going to be able to keep this thing capped, but we are with that new stack cap going to be able to withdraw 80,000 barrels of oil a day, thats the high end any...

In a bitter battle over charges of racism. many in the grass roots organization are insisting theyre not racists but not helping the cause. one tea party leader coming out with a satirical blog that many say is nothing more than a racist rant. getting both sides of that story as well. >> nothing short of incendiary there. and up and running, join the live conversation now. go to cnn.com/amfix, well read your comments throughout the morning. kiran? were not in the clear yet, but there is a se...

Teammate, marian jones, admitted to doping. the oil flow has stopped at the site of the deepwater horizon well. but the president says we shouldnt get ahead of ourselves here. he says there is still work that needs to be done. bp still watching pressures on that well closely, carrying out tests to see if they can keep the new cap in place until a permanent fix is complete. we are not perfect. thats what apple founder steve jobs said just a short time ago about the antenna issues with the new...