Detailed text transcripts for TV channel - FOXNEWS - 20110318:00:16:00
Japan is not going to be using as much gas in the short-term as it would if it were operating 100%. but then it's going to need a lot of oil to rebuild. >> the estimates are somewhere around half a billion barrels -- half a million barrels of oil a day. that will amount to roughly $50 million more in the market. once they come on line to replace the power they have lost at fukushima daiichi and other reactors. we are going to see, i think, a very modest change in the equilibrium of world markets. what we will see, i think, ultimately is reason to assert itself in the markets. people will do wh...