Detailed text transcripts for TV channel - MSNBC - 20110513:02:05:00
Use a pure economic approach the economists would say would be set at the price to develop the next marginal barrel. >> what do you think that would be today? >> well, it's pretty hard to judge but it would be, you know, when we look at it's going to be somewhere in the 60 to $70 range. >> wow. that price, that is just absolutely a priceless sound bite. tillerson is really now starting to get pulled out of the woods a little bit on this story. tillerson just admitted that speculation adds 30% to 40% to every barrel of oil. you need to understand what this guy is talking about, folks. at least ...
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