Detailed text transcripts for TV channel - FOXNEWS - 20110303:00:32:00
The cost of a barrel of crude closed above 100 today. settling at $102.23 on the merck. highest close since september of 2008. analysts saying all of this pressure on the markets could mean much higher gas prices in the days to come. rich edson joins us live from d.c. is there anything washington can do to ease this or is it out of their? well. >> enis, chairman of the energy committee said the u.s. should stand ready to tap federal oil reserves if the situation in libya further deteriorates. republicans say the administration needs to allow more domestic oil drilling. steve chew says oil can ...