Transcripts for CNN CNNI Simulcast 20150106 07:07:00 : vimar

CNN CNNI Simulcast January 6, 2015 07:07:00

they think it will fall further. so they pump as much as they can now to try to grab the price where ever it is. and that of course is a self-fulfilling prophecy because then you have more and more on the markets. if the demand starts to weaken if the demand weakens elsewhere, you see even more oil on the markets. and countries pumping even more. they think it will continue to fall and then it does fall. that seems to be the pattern we've seen in oil markets. then it will go back up. i don't know when. >> all right. at least waiting us through these oily muddy waters but they don't mix. >> to see you this morning. some of the stories we're following for you. the united states house and senate late at this hour. they are about to begin their work for 2015. and for the first time in nine years, both houses of the legislature are firmly in republican control. now the republicans plan to aggressively confront president obama's policies on energy on health care and on immigration.

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