Page 22 - Supply Problem News Today

>> bill: as you may know gas prices going through the roof. 32 cents. second largest jump in the nations history. white house chief of staff william daily was asked about it yesterday. >> were looking at the options. the issue of the reserves is one were considering. it is something that only is done and has been done in very rare occasions there is a bunch of factors that have to be looked at. and it is just not the price. >> bill: with us erica payne and the anchor of varney and company stuart...

>> bill: as you may know gas prices going through the roof. 32 cents. second largest jump in the nations history. white house chief of staff william daily was asked about it yesterday. >> were looking at the options. the issue of the reserves is one were considering. it is something that only is done and has been done in very rare occasions there is a bunch of factors that have to be looked at. and it is just not the price. >> bill: with us erica payne and the anchor of varney and company stuart...

>> bill: as you may know gas prices going through the roof. 32 cents. second largest jump in the nations history. white house chief of staff william daily was asked about it yesterday. >> were looking at the options. the issue of the reserves is one were considering. it is something that only is done and has been done in very rare occasions there is a bunch of factors that have to be looked at. and it is just not the price. >> bill: with us erica payne and the anchor of varney and company stuart...

Players. >> were the evil in washington, right, to wall street. >> reporter: but youre 100% right that a lot of whats happening in the oil markets is based on speculation. lets face it, there is not a supply problem here. supply has actually increased as this has been happening and oil prices have continued to push higher anyway. yesterday we saw oil prices sitting at two and a half year highs. this morning were seeing some movement lower and thats been decent news for the futures at least so fa...

Oil to make up for it. you make a very good point, ali, when you do the breakdown. every little drop of of oil that comes out of the ground were using somewhere in the world. a quarter of that here in this country. there are important conversations about conservation, about dependence on foreign oil, all the things there. but the strategic petroleum reserve just talking about it might be to try to tap the brake on oil prices a bit. but would it really work and would they really do it? thats not ...

Thats whats not so clear, ali. >> it is important to get to the bottom of this. we dont have a lot of oil shortage affected by libya. the bottom line is virtually none stopped and not really -- its not a supply problem thats affecting the price of oil. it is a psychological problem like it often is. >> it is. its also a global demand issue, as well. you had very brisk global demand altogether. one thing thats very clear is there are some who are concerned until youre pretty sure that this unrest...

Cleanup the beaches. we may run into a supply problem. they are also used for a variety of other emergency response purposes. as we increase our aerial surveillance, we are looking to put owl more qualified folks from other places that can help us actually characterize the oil that we see and issues regarding wildlife and so forth. so this continues to be a very complex nuanced and broad-based response with a lot of things going on. in addition to everything else, we brought the helix producer o...

And water, this will rapidly back supply problem. thats why were seeing the military becoming involved. >> we talked to a number of people in the keys, the mayor, a man who road out the storm at a marina. hes doing okay for water because they have water on the boats that remain. hes a little bit low on supplies. in terms of structural damage that you saw, what was it like? >> from the water, what we saw was -- we were surprised actually just passing around key largo that a lot of the the newer s...

Gregg: welcome back. a crucial cancer drug now joining list of medicines in short supply because of manufacturing issues. national drug shortages are of course a story we first started telling you about here last month. this is the drug called doxil. it help treats ovarian cancer as well as several other diseases. last month president obama signed an executive order getting fda to flag shortages much earlier allowing the agency to help manufacturers work around the supply problem. martha: the re...

Just a couple other issues. skimmers have always been an issue for us. we know as we expanded our defense of the coastline from florida to south central louisiana, we are on pace at this point by the end of the month of july to have approximately 1,000 skimmers in the inventory. we are just below 600 right now and continue to ramp up from a variety of sources including resources supply and we lowered the response standby requirements else where in the country and we continue to aggressively acqu...