Crude now costs 57. Just a couple of months ago that same 42 gallons cost 106. If you drive a lot it was like getting a raise. If youre a corporate or National Income based on how much you can get for that barrel, yo you just got a raise. With Christmas Shopping americans. Im glad it keeps going down. We have enough insurance, and everything we have to take care of, gas is the least of our worries. In the last six months oil prices have dropped 35 . When oil was down 80 a barrel, we asked our guests how low oil could go before we should start to worry. Are there best cases and worst cases we should be looking at over the next year or two. Goldman sachs is at 70 a barrel all next year. One of the things that we never do on a show is predict. But i would say lower. Lower than 70. Yes. The lowest since 2009, its about the law of supply and demand. There is too much supply, and prices have continued to fall since saudi arabia convinced opec to keep pumping at current levels rather than cut
Meant to take crude pulled from the tar sands of western kind and pipe it through the United States through the gulf of mexico. Back to the debate is joined crude oil was much more expensive, and they were bringing it out of canadian canada by rail. Today crude is cheap, oil is plentiful, and the senate is controlled by republicans. In a 6332 vote the senate decided to move forward in the debate of the keystone xl pipeline president obama has promised to veto the pipeline if the bill lands on his desk. It needs to 67 votes to override the president ial veto. Were asking the president to work with us, and the gridlock and get this project moving. Reporter the house of representatives also voted in favor of ski stone. As a new member of congress im proud in our first week we passed bipartisan legislation. The approvement of the Keystone Pipeline is will bring jobs. Were off to a strong start. Reporter the president and rankers are all opponents of the 1200mile pipeline planned. Senator B
Meant to take crude pulled from the tar sands of western kind and pipe it through the United States through the gulf of mexico. Back to the debate is joined crude oil was much more expensive, and they were bringing it out of canadian canada by rail. Today crude is cheap, oil is plentiful, and the senate is controlled by republicans. In a 6332 vote the senate decided to move forward in the debate of the keystone xl pipeline president obama has promised to veto the pipeline if the bill lands on his desk. It needs to 67 votes to override the president ial veto. Were asking the president to work with us, and the gridlock and get this project moving. Reporter the house of representatives also voted in favor of ski stone. As a new member of congress im proud in our first week we passed bipartisan legislation. The approvement of the Keystone Pipeline is will bring jobs. Were off to a strong start. Reporter the president and rankers are all opponents of the 1200mile pipeline planned. Senator B
Meant to take crude pulled from the tar sands of western kind and pipe it through the United States through the gulf of mexico. Back to the debate is joined crude oil was much more expensive, and they were bringing it out of canadian canada by rail. Today crude is cheap, oil is plentiful, and the senate is controlled by republicans. In a 6332 vote the senate decided to move forward in the debate of the keystone xl pipeline president obama has promised to veto the pipeline if the bill lands on his desk. It needs to 67 votes to override the president ial veto. Were asking the president to work with us, and the gridlock and get this project moving. Reporter the house of representatives also voted in favor of ski stone. As a new member of congress im proud in our first week we passed bipartisan legislation. The approvement of the Keystone Pipeline is will bring jobs. Were off to a strong start. Reporter the president and rankers are all opponents of the 1200mile pipeline planned. Senator B
Meant to take crude pulled from the tar sands of western kind and pipe it through the United States through the gulf of mexico. Back to the debate is joined crude oil was much more expensive and they were bringing it out of canadian canada by rail. Today crude is cheap oil is plentiful, and the senate is controlled by republicans. In a 6332 vote the senate decided to move forward in the debate of the keystone xl pipeline president obama has promised to veto the pipeline if the bill lands on his desk. It needs to 67 votes to override the president ial veto. Were asking the president to work with us, and the gridlock and get this project moving. Reporter the house of representatives also voted in favor of ski stone. As a new member of congress im proud in our first week we passed bipartisan legislation. The approvement of the Keystone Pipeline is will bring jobs. Were off to a strong start. Reporter the president and rankers are all opponents of the 1200mile pipeline planned. Senator Bar