Detailed text transcripts for TV channel - FOXNEWS - 20111228:21:15:00
Go straited up. phil, we saw a drop today because everyone thinks iran will not follow-through. was that a huge mistake people are making? >>guest: well, i don't think so. to be honest. the iranians better think twice. one of the reasons why you saw oil prices go down today was that the 5th fleet of the u.s. navy took exception to some of the bluster from iran they could shut down down the states of hormuz as easy as drinking a cup of water. but, dagen, this is the most important choke point for oil. 33 percent of all the world's oil goes through there each day. if it is shut down, first ran a...
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