Detailed text transcripts for TV channel - FOXNEWS - 20140619:20:37:00
A neglect lemmingible amount of iraqi oil but iraq is the number two oil producer in the opec oil cartel and that is part of the problem. >> keep in mind that oil is sold on a global market, so if oil cannot get from iraq to asia, the markets have to find oil from other places and that has a major ripple effect that reaches to consumers. >> most of iraq's oil-producing fields are in the southern part of the country and that region has not come under attack by antigovernment forces but if that should change we can expect to see oil prices and gasoline prices dramatically increase according to o...
Source: news source