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CNNW Erin Burnett OutFront February 24, 2012

gas prices overnight jumped 3.3 cents a gallon on fears iranian oil, the world s fourth biggest stash of crude, could be disrupted. if iran made good on its threats to halt oil supplies, which it s promised to do, it would hurt consumers around the world. the strike team says it would send the united states into another recession with gas prices possibly hitting $4.75 a gallon, but it would also devastate iran. 80% of the nation s economy is linked to oil and gas. will it come to this? rudy giuliani was mayor of new york city during 9/11 and he comes outfront tonight. good to see you. nice to be here. let me start with this issue of the rhetoric here. do you think it s going to get to the point where iran feels threatened enough to do something like shut off its crude oil supplies? i do. it does have a devastating impact on them. they re very good at threatening. the threat i think you have to take as a real one and as we ratchet up pressure on them, they may ve ....

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CNNW Erin Burnett OutFront February 24, 2012

talking a toll. gas prices overnight jumped 3.3 cents a gallon. on fears iranian oil, which is the world s fourth biggest stash of crude, could be disrunted. if they made good on their promise to halt the crude, it would hurt consumers around the world. jim beonco said it would send the united states into another recession with gas prices possibly hitting $4.75 a gallon. the move would also devastate iran. sources tell us 80% of that nation s economy is linked to oil and natural gas. will iran do this, will it come to this? mayor rudy jewgiuliani was mayon new york on 9/11. let me start with the rhetoric. do you think it s going to get to point where iran feels threatened enough to shut off the crude oil? i do. i m not sure they will because it has a devastating impact on them. they re vargood at threatening. the threat you have to take as a real 1, and as we ratchet up the pressure on them, they may very well take the step to see what kind of pressure they can put on ....

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CNNW Erin Burnett OutFront February 24, 2012

outfront tonight, iran taking a toll. gas prices overnight jumped 3.3 cents a gallon on fears iranian oil, the world s fourth biggest stash of crude, could be disrupted. if iran made good on its threats to halt oil supplies, which it s promised to do, it would hurt consumers around the world. the strike team says it would send the united states into another recession with gas prices possibly hitting $4.75 a gallon, but it would also devastate iran. 80% of the nation s economy is linked to oil and gas. will it come to this? rudy giuliani was mayor of new york city during 9/11 and he comes outfront tonight. good to see you. nice to be here. let me start with this issue of the rhetoric here. do you think it s going to get to the point where iran feels threatened enough to do something like shut off its crude oil supplies? i do. it does have a devastating impact on them. they re very good at threatening. the threat i think you have to take as a real one and as we ....

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