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They made money on, they were shipping coal to latin america. also here at home, though, people don't give up. we see occupy wall street and it feels like, oh, man, woe is me. most people in this country got up this morning and went to work -- megyn: uh-huh. or would like to. >> those who didn't are looking for a job. the point is, we're better off than we think we are. we are, obviously, still not anywhere where we can be, but there's enough signs of life that we could catapult this thing. megyn: you're all about making bets on the stock market -- >> i've got to tell you something, i'm excite...

Reserve will absolutely say, no way, it's not us, we didn't do it. but when we talk about the risk premium and people scared about what's going to happen in the middle east, they want to start making bets. the federal reserve has cut interest rates so low and flooded the system with so much money that it's made it much more profitable for hedge funds and other investors to make these bets on oil. >> all right. now, fadel, i want to ask you one thing. i'm a big alternative energy fan. i love the fact that oil prices and high gas prices pump the money into alternatives and that people con serve....

You cannot ignore -- we were at $85 before it began to flare up and now we're $20 or even more higher. we're up over $111. i heard a lot of debate about what strisk premium in oil, 10 bucks, 230 bucks. >> the risk premium is the extra you pay because there's some risk that supply will get curtailed. >> we don't know what the number is. it's got to be something. we don't know how this will play out. >> finally up got something here that's interesting. you have a -- that wall graphic shows the federal reserve as a possible reason for higher oil prices. explain to me what you mean by that. >> thi...

Normal economic cycle, they were making bets. are you confident that what we see in terms of reform is not going to wind up being watered down past some acceptable level? >> more jobs make sure it isn't watered down. during the debate we'll try to strengthen it. one amendment is sherrod brown. sherrod brown will put an amendment in saying banks too big to fail should really be busted up so they're not too big to fail. and the republicans will get a chance. they said they didn't like the last bill, they filibustered it because it allowed banks to continue, and we would have to bail them out aga...

This point. what he said in illinois today, this crisis was not part of the normal economic cycle, they were making bets. are you confident that what we see in terms of reform is not going to wind up being watered down past some acceptable level? >> no. our job is to make sure it isn't watered down. during the debate we'll try to strengthen it. one amendment is sherrod brown. sherrod brown will put an amendment in saying banks too big to fail should really be busted up so they're not too big to fail. and the republicans will get a chance. they said they didn't like the last bill, they filibust...