Detailed text transcripts for TV channel - CNN - 20110228:15:31:00
For our factories and cars, and if the european market is not getting the oil it needs, that means it is competing with the oil we get from algeria for the light sweet crude. every drop that comes out of the ground, it's accounted for. libya is the largest proven reserves in africa. it's what they're not producing yet, too. >> in other words, we're stuck with it, and deal with it. it could go up to $5 a gallon? >> maybe $4. if the economy weakens because of what oil prices are doing, that means demand for oil and gas starts to go down. we were at $3.37, 17 or 18 cents in a couple of days. righ...
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