A barrel of oil, 42gallons of crude now costs about 57. Just a couple of months ago, that same 42gallons cost 106. If you drive a lot, it was like getting a raise. If you are corporate or National Income is based on how much you can get for that barrel, you just got a cut in pay. Close to 50 . What the tumbling price of crude does in an inter naturally connected World Economy where Christmas Shopping americans iranian generals, venezuelan bureaucrats and chinese factory owners all are feeling the effects of cheap oil. Oil prices have been falling at record speeds this year. To the delight of Many American drivers. I am glad it keeps going down, like we got enough bills and insurance and Everything Else to take care of. Gas should be the least of our worries. In the last six months, oil prices have dropped 45 . In october, when the price of oil was down to around 80 a barrel, we asked our guest, professor of International Business how low oil could go before we should start to worry . A
Oil, 42gallons of crude now costs about 57. Just a couple of months ago, that same 42gallons cost 106. If you drive a lot, it was like getting a raise. If you are corporate or National Income is based on how much you can get for that barrel, you just got a cut in pay. Close to 50 . What the tumbling price of crude does in an inter naturally connected World Economy where Christmas Shopping americans iranian generals, venezuelan bureaucrats and chinese factory owners all are feeling the effects of cheap oil. Oil prices have been falling at record speeds this year. To the delight of Many American drivers. I am glad it keeps going down, like we got enough bills and insurance and Everything Else to take care of. Gas should be the least of our worries. In the last six months, oil prices have dropped 45 . In october, when the price of oil was down to around 80 a barrel, we asked our guest, professor of International Business how low oil could go before we should start to worry . Are there bes
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