Detailed text transcripts for TV channel - FOXNEWS - 20110307:15:15:00
Hurricane ka traoepb ha 11 million barrels were released. remember we use 20 million barrels a day right here. 11 million barrels represent about 12 hours worth of oil. bill: clinton was what here? >> 1997. bill: i this have graphic. >> here is the highest price ever traded for crude oil, july of 2008. this same week, two days later george push pulled a moratorium on off-shore oil drilling. why did he do that? oil prices were spiking much like they are right now. he added more drilling and look what happened. it went from 137, $33 a barrel in six months. bill: could this be psychological? we a...