Detailed text transcripts for TV channel - CNN - 20110228:14:08:00
An excuse to gouge us once again. >> americans feel angry about this because this is the thing you feel first. 17 or 18 cents in just two days. ever since oil in the u.s. got above 1$100 a barrel, just a skyrocket spike. why libya then? >> 2% of our oil from libya. >> but libya has light sweet crude. the kind of crude that goes to the european markets, the kind that can be most efficiently made into gasoline we use in our cars. italy is not using that crude, then that means they're going to be competing with the export frs algeria and we are sucking up in this world about every drop of oil we ...