Detailed text transcripts for TV channel - FOXNEWS - 20141210:16:37:00
World are starting to adjust their production forecasts to fit this new reality of inexpensive oil. and what did opec just do? it cut its oil demand outlook for next year, saying global demand will fall to the lowest point in more than a decade. and the energy department cut its gas price forecast saying driverses can expect to shell out $2.60 a gallon in 2016. by comparison you're spending 2.64 today to fill up. so this is good news and it is also good news for retailers like costco who is a winner today. the warehouse club posted stronger earnings. lower gas prices is a double win for costco...