Detailed text transcripts for TV channel - CNN - 20110225:09:46:00
As the wave of protests across the arab world hit libya. oil prices reached a 2 1/2 year high charting territory not seen since the financial crisis in 2008. in an effort to calm the markets, saudi arabia's oil minister says that the country would boost production along with other opec states, but only if there was a supply shortage. also confirmed that saudi arabia has 4 million barrels a day of spare capacity. but not only the market's on edge, the oil giants on the ground are weighing their next moves. >> we are monitoring the situation in libya very carefully about where our employees are,...
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