see it portrayed right there on your screen. gas is up 12% in the past month. oil is up quite a lot, especially when you look over the last year. the question is the unrest in libya, which produces about 2% of the world s oil and sits on the biggest oil reserve in africa, will that spread to much bigger producers like saudi arabia? another factor here at play is the situation in japan. japan nuclear power, for all intents and purposes, off line. what happens when you get to the recovery in japan? how much oil energy is that going to take? that s a big question right now. and i want to point out to you an interesting sur survey that we did at cnn.com. economists said two-thirds of all the economists we polled, we polled about 23% of them said oil prices are their single biggest concern, carol, when it comes to this broader economic recovery. every day when you spend more at the gas pump, you re not spending that the other things, so economists are very, very worried about this run up th
important role to play. i wouldn t want to see it minimized but, on the other hand, the president will answer these questions. therapy answerable. it s just a matter of getting it done. it s difficult, because he s out of country. it is. general wesley clark, thank you for being with us today. appreciate it. head of the arab league says his group stands by the u.n. support on libya. qatar says it will send fighter jets. over the weekend, the league support wasn t so clear. the secretary-general said the 22-member nations wanted to see civilians protected, not shelled. anderson cooper talked about those mixed signals with an expert on international studies. this is the classic textbook. amazing the data league said anything about gadhafi. what is the arab league? gadhafi was part of the arab league. absolutely. the arab league has regimes themselves are in wars with
eject? do you make that decision together? in a to-man cockpit, you would. you would discuss the situation and based on training and lots of training and emergency procedures, you know, as the air crew in that jet exactly what is going to operate and what won t. and they obviously realize that the jet wasn t going to fly any more, so it was time to jump out. and the difficulty with flying over libya is you really don t know who is the enemy and who is not, who is the rebels and who is pro-gadhafi forces. so you ve ejected and you ve landed in this terrain. these people run up to find you. it took them four hours to find this pilot. these rebels to find the usairmen. what do you do when you land on the ground? several different things. first of all, off to determine your own capacity, are you injured, are you safe? what is the terrain? are there friendlies nearby that
now, that s progressive. wall street remains focused on developments out of the middle east and japan. a week ago the dow fell below the 12,000 mark because of those fears but stocks have been rallying the last three sessions. alison kosik is at the new york stock exchange. i heard the bell go off. we re in the plus? that s good. yeah. nice way to start the morning. you know what? the middle east and japan are still dominating the attention here on wall street. but what we re seeing is investors are less worried about how things are going to be playing out in japan and in libya. so that means that people are putting their money back into
we check in with alec frazier. you re a former navy captain. you heard nic just a moment ago saying pro-gadhafi forces are taking credit for this. how can the military prove they are absolutely wrong? well, let s go back to the beginning here. when an airman or a pilot goes down behind enemy lines or in the areas like we have in libya, all types of assets are immediately put to play in order to go get it. the military tradition is always that we will go after a pilot with hundreds of lives at stake just to get that one back. so that is always a tradition. whether the plane was shot down or had a mechanical failure you ll find the military investigation will come out. you will see what the results of the investigation are and that will prove that it was not a shoot-down by the libyan forces. i just want to like we were having this discussion earlier. you told me so many fascinating