Detailed text transcripts for TV channel - FOXNEWS - 20110128:20:04:00
And should the canal be blocked it is widely reported that gas prices could skyrocketed. so an earthquake in the middle east recorded by "time magazine." so, here we go. our senior correspondent on the government's unprecedented communication crack down. and first, james with the big picture and reaction from washington, dc. james? >>reporter: a huge impact on the american economy. american crude oil surged by almost 4 percent today a sign of overseas investors concerns about the instability around the suez canal, a million barrels a day going from the persian gulf to western markets. the obam...
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