Detailed text transcripts for TV channel - FOXNEWS - 20110313:22:41:00 : vimarsana.com

Detailed text transcripts for TV channel - FOXNEWS - 20110313:22:41:00

atlantic. everybody is shaking their heads at me. go ahead. >> well, there's a lot of -- you talk to people who are in the oil production business they'd like to explore a lot of places they are not currently permitted to explore and, it's a huge commodity and yet it's not clear that is why oil prices are up, there is huge commodity inflation thanks to the fed's monetary policy and part of that is oil price inflation and, you know, i think we shouldn't overreact. it is a huge issue, july, august, 2008 and by election date, drill, baby drill was not carrying a lot of states for john mccain and i'm not sure people, republicans would be wise to demagogue, frankly, gas prices, i think they can make a broader case inflation is on the way and gas prices are a leading indicator of that. >> chris: jeff. >> it will be interesting see as gas prices remain a central political issue over the summer. they will not go down soon, see what the president suz short-term and when he was a presidential candidate, he opposed an increase in the gas

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