Detailed text transcripts for TV channel - FOXNEWS - 20110807:12:14:45
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A real crisis in the making. >> well, eliot, $5 would be a pretty harsh reality for most americans. what could possibly drive the price so high? several factors. crude oil is more than $90 and climbing. america's consuming more than ever and global appetite is devouring oil at an unsustainable pace. >> all these coalescing, the price going up, up, up. we could be facing 5 bucks a gallon by 2012. joining us to talk about this, from washington, former president of shell oil company and author of "why we hate oil companies," straight talk from an energy insider, john hofmeister. welcome to the sh...