Detailed text transcripts for TV channel - MSNBC - 20151224:15:26:00
Is there talk about how this could roll over into the new year? >> they say get used to $2 gas. it's good news. the reason oil prices are this low is because globally we're awash in oil. there is a supply glut. it's coming from the opec countries and russia. they're producing more and more. they don't want to cut back production because they don't want to cede market sheer. here in the u.s., we're pumping more oil than ever. a lot of that is shale gas. oil production has doubled in this country in the past five months. and the demand side of the equation, it's wobbly as china slows and the fed...