i ll save it for people who want to google it. if we tap the strategic, if we do that route, then we can have more oil in the domestic market. for period of time. not the end all. we have a problem with geopolitical. that is a serious impact on the price, right? yeah, i think that s true. strategic petroleum reserve is not intended to be a permanent solution. i think that geopolitical stuff, you got to, that those sort itself out or we have to sort that out. we saw it through the arab spring that some of those fears go up. but then it s the worst doesn t happen, they come back down. then if you are looking at the speculators, as i say, i don t know. you have to have the people more expert on the oil trading markets to look at that, to figure out how much of that is driving prices to the extent it is driving prices.
i ll save it for people who want to google it. if we tap the strategic, if we do that route, then we can have more oil in the domestic market. for period of time. not the end all. we have a problem with geopolitical. that is a serious impact on the price, right? yeah, i think that s true. strategic petroleum reserve is not intended to be a permanent solution. i think that geopolitical stuff, you got to, that those sort itself out or we have to sort that out. we saw it through the arab spring that some of those fears go up. but then it s the worst doesn t happen, they come back down. then if you are looking at the speculators, as i say, i don t know. you have to have the people more expert on the oil trading markets to look at that, to figure out how much of that is driving prices to the extent it is driving prices.
going to be able to pay? that is the fear on wall street right now. there are many things pointing to wall street getting very nervous about bp s financial stability next year and the years coming after that in particular the oil trading markets. the energy companies bp included they don t just produce oil and natural gas, they participate in the trading market, they do the oil futures contracts trading just like anybody else does. they do it for cash. they are looking for liquidity, they need the money and they need the money to cleanup the gulf right now and that is another concern. jane: there s been talk of potentially a possible till take take over of bp. there are a couple of problems bp could be facing. they could be facing a hostile take over, if you re royal dutch shell, if your chevron you look at your weekend come petition tere and think i m going to buy that come petition tere right now. and there are other types of
there. reporter: marie is heading for a long drive for the easter weekend and it costs her almost $100 to fill up the honda civic. oil companies are a predictable target at times like these and so is the president. when mr. obama took office in january of 2009, oil costs just over $38 a barrel. today it s more than $112 a barrel, increase of 189%. gasoline cost $1.84-gallon then. today is almost $3.85 a gallon. increase of 108%. the steep climb may be one of the reasons that the president announced a new task force to proactively seek out fraud and manipulation of the oil trading markets. we are going to make sure that nobody is taking advantage of the american consumers. for their own short-term gain. but the task force creation has come under immediate fire from some quarters. speculators are usually one of the first suspects rounded up when prices of commodities go up. the of course conclusion, this
the gas company, trying to make money what is going on there. reporter: marie is heading for a long drive for the easter weekend and it costs her almost $100 to fill up the honda civic. oil companies are a predictable target at times like these and so is the president. when mr. obama took office in january of 2009, oil costs just over $38 a barrel. today it s more than $112 a barrel, increase of 189%. gasoline cost $1.84-gallon then. today is almost $3.85 a gallon. increase of 108%. the steep climb may be one of the reasons that the president announced a new task force to proactively seek out fraud and manipulation of the oil trading markets. we are going to make sure that nobody is taking advantage of the american consumers. for their own short-term gain. but the task force creation has come under immediate fire from some quarters. speculators are usually one of the first suspects rounded up when prices of commodities