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Detailed text transcripts for TV channel - CNN - 20110409:17:37:00

You cannot ignore we were at $85 before it began to flare up and now we re $20 or even more higher. we re up over $111. i heard a lot of debate about what strisk premium in oil, 10 bucks, 230 bucks. the risk premium is the extra you pay because there s some risk that supply will get curtailed. we don t know what the number is. it s got to be something. we don t know how this will play out. finally up got something here that s interesting. you have a that wall graphic shows the federal reserve as a possible reason for higher oil prices. explain to me what you mean by that. this is a huge debate going on right now. the federal reserve will say no way we didn t do it. when we talk about the risk premium and people scared about what s going to happen in the middle east, they want to start making bets. the federal reserve has cut

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85
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