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And let me tell you something, after you graduate from law school, you conduct yourself like that in the courtroom, your rear end is going to get thrown in jail, idiot. in 24 hours, that man, that occasionally intemp rant man chris cristie will take the stage here and deliver the keynote address at the republican national convention. today, the unspoken governor woke up to this headline in the new york post. according to the post, christy told political insiders that there was a fat chance he d be mitt romney s running mate because crhistie doubted that romney could actually wins. that means he s been watching this program and realizes that the presidential candidate has no chance of ever becoming president. that means chris cristie has seen our big wall graphic of the vice presidential losers in the ....
You know it s more complex than that. as fadel said, it does start with supply and demand but it goes a lot farther. tell me your take. exactly. i think he s got it right. supply and demand will always be the base for oil prices. we were at $85 before it began to flare up in egypt, and now as you said, we re $20 or more higher. we re up over $111. i ve heard a lot of debate about what is the risk premium in oil. i ve been $10 to $20. it s the risk you pay because there s some risk that supply might get curtailed. we don t know what the numbers are, but it s got to be something. we just don t know how this is all going to play out. finally you ve got something here that s interesting. it s not something we talk about. 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, and the federal ....
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 ....