Detailed text transcripts for TV channel - MSNBC - 20141214:17:20:00
I think whats going on here is that theyre not targeting price, theyre targeting market share. and they realize that the price of oil falls to $70 or $60 a barrel, about where it is right now, it is no longer profitable for some of their new competitors, like us, by the way, to take this tight oil out of the ground. the fracking and the tar sands. this is a longer run play by them to try to hold on to market share. the implication of that, alex, and your executive producer is that means that pri...
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