CNNW CNN Newsroom December 29, 2011
appear to be going all out trying to ratchet fear on this issue, saying that gas prices could reach $5 a gallon by summer. what's your sense as to how disastrous that would be for the world's economy? >> in the worst case scenario, it doesn't seem so far out of reach. if iran does carry through with its threat, could throw the global economy into a depression, would drive oil prices up to unpredictable levels. he says that consumers wouldn't be able to afford it. you'd see an impact on economic activity. it would really hurt consumers getting hurt in other ways, with housing prices a...