Detailed text transcripts for TV channel - CNN - 20101229:01:01:00
Have done nothing to transform our dependence on foreign oil. 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 t...