Detailed text transcripts for TV channel - CNN - 20110422:18

Detailed text transcripts for TV channel - CNN - 20110422:18:03:00

elliott, but what he is referring to is back in 2008 the white house did a similar thing and they hit the line hard and said we will investigate these oil bets, and whether the market speculators or the oil traders are colluding to draw the prices higher, but all that happened is one dutch firm came under investigation and it didn't affect the oil or gas prices whatsoever, and we saw the gas go up to $4.11 on average per gallon and the white house did it three years ago, but it did not change what we pay and that is what we care about. the big question is that there's no real power unless they prove true fraud in this marketplace, put folks in trouble and pull them out of the market, that is not what we saw and it is not likely to make a difference for folks what they are paying. >> gas consumption of course slowing down and a lot of people are taking the train or riding their bike, but you are saying, that is not going to make a difference? >> well, it will to your bottom line if you keep the car parked,

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