Detailed text transcripts for TV channel - FOXNEWS - 20110329:17:19:00
Energy's website. it will tell you, field drilling has gun from 10 million barrels a day to 5.5 million. offshore isn't spiking. our oil production is on the way down, while our demand is on the way up. that's why our prices are $3.59 at the pump now. when obama took office, $1.93, 56% higher. megyn: are we allowed to drill off both coasts? >> we're allowed to, but you have to be permitted. there's been a moratorium on offshore deep water drilling that was placed in the '70s. it was removed by george bush, price of oil went down. it was reinstituted when the b.p. oil disaster happen. the obama...
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