Detailed text transcripts for TV channel - FOXNEWS - 20120623:14:24:00
Barrel, like russia does, a $100 barrel royalty and then supply coming on when the price is high, but not at $20 and natural gas is already in the toilet. the government owns all the oil in america, the private land is drill. and not give it away like the '90s. >> interesting point, jonas, what about this one, falling prices, and signals a weakening economy and what's the sweet spot for oil prices? >> oh, boy, that's a good question. i don't know, i guess the sweet spot will always be determined by the markets. i hate to be evasive. i don't know an exact number. i do know one thing, i have to ...
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