Detailed text transcripts for TV channel - CNN - 20110225:01:21:00
1/2 years ago. a supply-demand imbalance. we have to get the supply up or we're going to face ever increasing oil prices. >> as i look at that chart, you see that it goes up precipitously over, above libya. it just spikes up. libya only produces 2% of the world's oil. why is the effect so great? is this uncertainty and fear you're talking about? >> it is a compounding effect. what happens is, it is not just libya. it is the seven other countries in the middle eastern region where all bets are off. nobody know for sure. they had pipelines, they have access points, they have transportation point...