Detailed text transcripts for TV channel - FOXNEWS - 20110310:07:23:00
Oil. will it flatten out today? give me background. >> here is what is going on. when the middle eastern turmoil started, oil was around $86 a barrel. at $104 today from $105, it is skyrocketing. the national average, throw that out. the gasoline prices on the world oil market skyrocketed. there is 30 to 40 cents per gallon. >> judge napolitano: how response seasonable the federal reserve in this? >> huge! we are printing money like there is no tomorrow. this is monetary inflation. when you flood the market with the amount of money we are flooding the market with and if the banks start to lend...