Detailed text transcripts for TV channel - MSNBC - 20110519:02:06:00
Would be today if based on fundamentals of just supply and demand. >> again if you were to use a pure economic approach, the economists would say it would be set at the price to develop the next marginal barrel. >> what do you think that would be today? >> well, it's -- it's pretty hard to judge, but it would be, when we look at it it's going to be somewhere in the $60 to $70 range. >> 30% to 40% of the price of oil is because wall street gamblers are playing games with numbers? now think about what he just said there. he can say it because nobody is going to do anything about it. and if the o...
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