Detailed text transcripts for TV channel - CNN - 20170707:23:42:00
And john avland back with me. he says you put the supply out there, demand will follow. he's talking about shale gas and the energy market. are people right to mock him or not? >> i don't really see why there is any controversy here. sure, any time you have an increase in supply, what happens to the price when you have an increase in supply? >> well, it plunges. >> so we had a big increase in the supply, a huge increase. 75% in american production. and remember, here is a number for you. in 2014, the price of oil hit a high at $105 a barrel. today the price of oil is $45 to $50. we've seen a 5...
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