Detailed text transcripts for TV channel - MSNBC - 20120319:23:18:00
We're at an eight-year high in oil production in the united states. we're at a 39 year high in natural gas production in the united states. we're at a 12-year low for how much oil we import into the united states. when george bush left office we imported 57%, and this year we're only importing 45 of our oil. so this understanding of how the global emergency markets work, that is how opec picks the price. it's something that romney just doesn't understand and he is holding himself out as a macro economic maestro, but the fact is it is something he does not understand at all. >> congresswoman, i...