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Its important to understand that saudi arabia did not announce theyre going to be producing more oil and solving the gasoline problem. they look at the market closely and provide what the world needs. if thats what they always say. saudi arabia doesnt have unlimited production capacity. they could probably according to most analysts maybe get to 11 million, that doesnt solve the problem. america alone can produce more itself. thats just the dash and not just the oil part. youve got the administr...

23 years of oil analysis, i own companies, i did business in the oil industry. they are making more money this very second than theyve ever have in 23 years. >> greta: if the united states were to drill more oil the prices would come down. what is not going to happen overnight even if there is a decision to do that. what is going to short term, bring those prices down, if anything? >> one would be drilling. if we had this discussion 2 1/2 years ago the last time oil spiked we wíy9(q seeing thos...

23 years of oil analysis, i own companies, i did business in the oil industry. they are making more money this very second than theyve ever have in 23 years. >> greta: if the united states were to drill more oil the prices would come down. what is not going to happen overnight even if there is a decision to do that. what is going to short term, bring those prices down, if anything? >> one would be drilling. if we had this discussion 2 1/2 years ago the last time oil spiked we wíy9(q seeing thos...

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