Detailed text transcripts for TV channel - MSNBC - 20120330:08:10:00 : vimarsana.com

Detailed text transcripts for TV channel - MSNBC - 20120330:08:10:00

you're looking at it. teddy roosevelt's nightmare come true. >> joining us now, dan dicker, author of "oil's endless bid." he is a trader with 25 years trading experience. >> call me dan, chris, as you always do on your own show. >> dan, can we start with a really basic question. every time i report on this and look at corporate profits, it's more profitable than just about anything else. >> $130 begin last year alone. >> why is it so profitable? why is extracting oil from the ground and selling on the market so profitable? my econ 101 instincts tells me it's not a competitive market and if it were, the profits would go down. >> no. it's cheap to get. the old picture of the oil spewing out with everybody dancing around, this is $2 a

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