Detailed text transcripts for TV channel - FOXNEWS - 20110311:18:25:00
>> our oil production reached its highest level in 7%. oil production from federal waters in the gulf of mexico reached an all-time high. for the first time in a decade, 'em -- imports accounted for less than half of what we consumed. any notion that my administration shut down oil production, may make for a good political sound bite, but doesn't match-up with reality. does he have a point? >> he does. and we want to give him credit when he deserves credit. $2 billion is being sent to brazil for the brazilians to big deep, deep wells off or shores, but our oil companies couldn't do it on the s...
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