Detailed text transcripts for TV channel - CNN - 20110410:19:35:00
But it is an absolute -- it just doesn't make sense to suggest that there is a problem with oil supply and that's why oil is at $110 a barrel and higher. tell me what you think. >> the facts are that inventory levels are high, global demand growth is low, there is no supply obstruction to speak of except for libya and africa has already made up for the shortfall in libya. so why are oil prices $20 or $30 even higher than they were a few months ago? obviously, people are putting their money where their mouth is, or at least their clients' money where their mouth is. so the fact of the matter, o...
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