Detailed text transcripts for TV channel - MSNBC - 20110224:17:47:00 : vimarsana.com

Detailed text transcripts for TV channel - MSNBC - 20110224:17:47:00

partners in the organization of petroleum exporting countries, namely saudi arabia. saudi arabia is really looked to the swing supplier in any sort of disruption. so the first thing will be to assess how quickly saudi arabia can replace those lost barrels. >> and also whether saudi arabia remains stable. the king is taking measures ahead of a major revolt there. he's trying to make sure that there are new poverty measures in place to meet people's demands, so that they don't see a repeat of what's happened, for instance, in bahrain. how much of a linchpin is saudi arabia in terms of being calm and stable and not seeing the kind of chaos we've seen elsewhere? >> it's everything. libya had limited trade partners. its supply really was focused in italy and other close mediterranean neighbors. saudi arabia, though, is responsible for exports to every major consumer in the world, including the u.s. >> there are some estimates now that we could actually see oil hit $220 a barrel. do you think that's farfetched? >> it is right now.

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