Detailed text transcripts for TV channel - FOXNEWS - 20130204:15:49:00
Gregg: well assuming it's not stopped. >> right, kpel exactly, grea well, exactly, great point, gregg. with respect to iraq this is a major oil export company that's been off line for the last five to ten years. if they can continue to produce oil that will reduce the oil price around the world. by the way that has the affect gregg of being like a tax cut for the american consumer. it's very good news for consumers and the economy. gregg: matt, now as iit you thid cheap oil will not have an affect on world markets. why is that? >> a few reasons. one because this cheap oil they are talking abou...
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