Detailed text transcripts for TV channel - FOXNEWS - 20120810:17:09:00
In the global marketplace. >> reporter: demand is up but there are other factors as well. the drought in the midwest has severely curtailed the corn crop, corn of course used to make ethanol. refining capacity is down. a couple of refineries in the midwest are out of commission. we had that fire in california at a refinery which will reduce kpaps tee there. critics of the obama administration says there is no political will to open up federal lands and waters to offshore drilling, onshore drilling with the new technologies that are readily available according to the american petroleum institut...
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