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Detailed text transcripts for TV channel - MSNBC - 20110304:14:51:00

Producers of the world have some excess capacity to produce that at other times they might not have had and they have expressed a willingness to do that if there is a large supply disrupti disruption. i d say the one thing to remember if in your mind you re thinking the 1970s is that our energy intensity per dollar of gdp is a lot lower now than it was then. so most people think that we the macroeconomy is less sensitive to oil price movement, but it s clearly something we re monitoring. well, you just got in macroeconomy, look at you. and the 70s. it s because of you guys. i know you love that stuff. austan goolsbee, chairman of the council of economic advisory board, thanks very much. thank you for making your first stop this morning on daily rundown. great to see you again. coming up next, brace yourself, everybody. we re going to let chuck suggest what to put in today. ....

Supply Disrupti , Energy Intensity , Oil Price Movement , Austin Goolsby , Presidents Economic Recovery Advisory Board , The Daily Rundown ,