Detailed text transcripts for TV channel - FOXNEWS - 20110222:00:31:00
Effect on energy prices. according to the u.s. energy information libya has the largest proven oil reserves in all of africa and is one of the biggest producers of crude in all the world. peter barnes from the fox business network joins us live. we have been waiting for oil to take a hit from these things happening all over the region. now it has absolutely shep it has. oil prices per barrel up 6% today to over $90 a barrel. as you said libya is home to the largest oil reserves in africa. about 45 billion barrels. it pumps 1.5 billion barrels of oil a day. the fourth highest output in africa. ...
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