Detailed text transcripts for TV channel - CNN - 20110416:17:34:00
Conditions in china andn asia. they don't feel the full impact when we have the spike and that tends to push the spike on rest of the global market. i don't think we can get around the fact tlsz a secular increase in the command for oil -- >> not in the u.s. -- >> we have to pay the global price though. we have to pay the global price, $10 million barrels a day import imported. unless we cut our gasoline consumption that will affect us. i believe going forward we're going to see higher oil prices than we have over the last several years, over the next several years. 110, $120 a barrel sustaina...