Detailed text transcripts for TV channel - FOXNEWS - 20110528:02:43:00
Reserve? it is the largest emergency supply of oil in the world. you own it. and the president of the united states calls the shots on dipping into it or not. we spoke to new york times reporter matthew wald. what is the strategic petroleum reserve? >> a series of oil piggy banks strung out in texas and lieu law in underground salt structures put in water wash out the salt create a big hole, store crude oil. >> greta: how much is there? is there a lot of it? >> we have close to 3/4 of a billion barrels. in they said let's raise it to billion. right now 75 days worth of imports. >> greta: so if...