CNN Your Money July 27, 2013 18:11:00
>> tom klaas is an expert. nice to see you, tom. tensions in the middle east, demand for gas, refinery problems. is there a simple way to explain why gas prices are rising when we are flush with oil and gas in this country? >> well, we're part of the world, and we do have to privilege numbers in terms of cheaper crude than the rest of the world, but there are a billion people elsewhere in developing countries that are moving into the middle class, let's say, in this generation. so we're going to see some settlements of world oil prices, but relative to the rest of the world, we've got better p...
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