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Detailed text transcripts for TV channel - FOXNEWS - 20100515:15:13:00

Europe is going in a recession and the dollar is getting stronger, which pushes down the price of oil. mission to that, if you look at the price for the new york futures, the mercantile exchange, they are betting that next month it will be $2.17 a go lon. i don t see a problem here. david: the gas prices, and the taxes, it could go up. the government will try to work to make the speculator have $2.17 gasoline. they re raising taxing, limiting supply and the federal reserve is printing money which means inflation and higher gas prices. david: quinton, $5 gas, is that possible? if summer gas prices rocket up, the oil prices should decline because the chinese have been stockpiling and they re going to stop that means that opec will overproduce. that is the big packer in gas prices big factor in gas prices. let s stay with the facts. we know b.p. went in without the right wildlife permits, and they ignored the warning signs in earlier in the day ....

Mercantile Exchange , New York , Go Lon , 12 17 , David Asman , Gas Prices , Printing Money , Oil Prices , Summer Gas Prices , Wildlife Permits , Warning Signs , Big Packer , Will Overproduce ,